Viva La Migra's Account Talk

[Viva_La_Migra]

Decided to go with my rather unreliable gut and lock in my losses. Hoping to get a nice entry point later.

Too early. It's the story of my life. I either pull out too early, or too late! :nuts:

 

[Viva_La_Migra]

Decided to dip back in for a few days. Hoping the upcoming Independence Day holiday has the market feeling patriotic and very positive! Current allocation: 40G, 30C, 30S.

 

[Viva_La_Migra]

Maybe I'm stepping off a full speed train, but I've made back much of what I lost in March, so I'm good resting a bit. Current allocation: 100G

 

[Viva_La_Migra]

Moved a bit back in on 10/29/20. Hoping for a big rally before the election. Looks like that is playing out. We shall see what happens tomorrow depending on whether the election can be called one way or the other. Hoping the market reacts positively, either way. Current allocation: 40G, 30C, 30S.

I voted. Did you?

 

[Viva_La_Migra]

Serious question. I've decided to retire at the end of the year. Is it better to take a loan from my TSP account before I retire, or wait until I retire and do a regular withdrawal? The advantage of a regular withdrawal, is that I can take the money only from my regular TSP funds, but it could take 4-8 weeks+ to get the money. I could take a loan out before I retire, but there's that fee at the beginning and the money comes from both regular and Roth funds. I'll also have to make a payment or two before I retire. The loan will convert to a withdrawal once I separate and there's no 10% early withdrawal tax penalty. I'm leaning towards waiting and making a regular withdrawal, but I want to be sure I have enough to cover everything until my pension starts. I've heard horror stories about them taking several months for pension payments to start. What are your thoughts?

 

[nnuut]

VLM if you cash in Annual Leave you should get that first, mine came in two weeks that should hold you over for a while. Best of luck to you!

 

[Viva_La_Migra]

VLM if you cash in Annual Leave you should get that first, mine came in two weeks that should hold you over for a while. Best of luck to you!

That will certainly help. I have some savings as well. I'm probably overthinking it, but I've also been a federal government employee pretty much my entire adult life, so I know if they estimate it will take 4-8 weeks to get a withdrawal, it is likely going to take much longer. Especially when you factor in the COVID issues that are keeping employees teleworking. Same for them getting my pension payments started. I'd rather have the money from a TSP loan and not need it, than need it and not have it.

 

[nnuut]

That will certainly help. I have some savings as well. I'm probably overthinking it, but I've also been a federal government employee pretty much my entire adult life, so I know if they estimate it will take 4-8 weeks to get a withdrawal, it is likely going to take much longer. Especially when you factor in the COVID issues that are keeping employees teleworking. Same for them getting my pension payments started. I'd rather have the money from a TSP loan and not need it, than need it and not have it.

All will pass and then you can be retired like me!!!

 

[Viva_La_Migra]

All will pass and then you can be retired like me!!!View attachment 47745

Soooooo looking forward to it!

 

[Viva_La_Migra]

If today's action holds, I should meet my annual goal of 7% for the year. I didn't think it would happen after the butt kicking I took in March. I decided to pull out and hold onto my modest gains, but I might jump back in if the market has a small correction before the end of the year. Current allocation 100G. Happy investing everyone.

 

[Viva_La_Migra]

Well, I decided to go in today. Been out of the market most of the year. I just kept thinking the market would tank, but it didn’t. Hoping for a nice Santa Claus rally. Hoping to replenish what I pulled out to keep me afloat while I waited for my pension to start. I retired at the end of 2020.

Current allocation: 50C, 50S. Happy investing everyone!

 

[nnuut]

Good LUCK Viva La Migra and congratulation on your retirement, enjoy it! You and I joined TSPTALK in the same month and year!!

 

[flalaw97]

Good luck! I am all in as well (100C). If you don't mind me asking, what was the timeline for your retirement - i.e. when did you get annual leave payout, first partial pension check, corrected pension amount? I am hoping to retire in early 2023 so doing some planning now for covering the gap immediately after retirement.

 

[Viva_La_Migra]

Good luck! I am all in as well (100C). If you don't mind me asking, what was the timeline for your retirement - i.e. when did you get annual leave payout, first partial pension check, corrected pension amount? I am hoping to retire in early 2023 so doing some planning now for covering the gap immediately after retirement.

Sorry for not responding sooner. My AL payout happened within the first month. I never received partials. After six months, and a congressional inquiry, I started getting my full pension. I was glad I pulled some cash from TSP to keep me afloat, or I’d have been one of those guys on a street corner with a sign asking for donations. :blink:

 

[Viva_La_Migra]

Well, no Santa Claus rally this year. Very disappointing. Now I need to decide whether to move out of the market, or let it ride. Hope 2022 is better than 2021. Happy investing everyone!

 

[Viva_La_Migra]

Happy new year everyone. Hope 2023 is better than 2022!

 

[tsptalk]

Happy New Year, Viva! Good to see you again.