SkyPilot
TSP Pro
- Reaction score
- 40
Well, I have learned life comes at you fast. At one point I thought I would stay with the government until 57 as a FLEO, but then I recently decided to pursue other interest. After crunching the numbers, and factoring in several variables it has become clear that it is most advantageous to take the money and run. So, I am retiring at age 54 (turn 55 this year), which is for many the American dream.
I have submitted my paperwork, and based on the experience of some of my colleagues who have recently retired as well, it seems that I should get a final settlement in about three months or less. I only have federal service in the same agency to consider, so not complications with buy backs, etc.
I will move my TSP balance to a company that handles the peculiar tax considerations of chaplains continuing in their vocation in the private sector. The moderately conservative fund they manage produces an average 8% return (after fees and expenses) over the last 7 years which seems to cover the gamut of economic and market conditions.
While we still will have a mortgage, we may liquidate the house and put the proceeds into an investment account, and let it add to the nest egg when we need the cash to rent later on in our 60's. In the interim, we will move to Ukraine and teach at a seminary there for the next decade or so.
Every single one of my friends who have preceded me in retirement say they wish they had done so sooner. I am going as soon as I am eligible, within a couple of weeks. So, the new adventure begins!
I have submitted my paperwork, and based on the experience of some of my colleagues who have recently retired as well, it seems that I should get a final settlement in about three months or less. I only have federal service in the same agency to consider, so not complications with buy backs, etc.
I will move my TSP balance to a company that handles the peculiar tax considerations of chaplains continuing in their vocation in the private sector. The moderately conservative fund they manage produces an average 8% return (after fees and expenses) over the last 7 years which seems to cover the gamut of economic and market conditions.
While we still will have a mortgage, we may liquidate the house and put the proceeds into an investment account, and let it add to the nest egg when we need the cash to rent later on in our 60's. In the interim, we will move to Ukraine and teach at a seminary there for the next decade or so.
Every single one of my friends who have preceded me in retirement say they wish they had done so sooner. I am going as soon as I am eligible, within a couple of weeks. So, the new adventure begins!
