Not bad, I retired 4/30/2016 and my case has been finalized as of 7/12/2016.
I will be receiving my regular pension checks starting 8/1/2016 (supplement included).
Roll over to an outside IRA
Partial withdrawal
Monthly Payments based on your specified dollar
Monthly payments based on IRS Life Expectancy
Just leave it with TSP until 70 years old
Not sure yet
Annuity
Other options not mentioned above
The link below is a good comparison/discourse (taxation-wise) about Traditional VS Roth:
https://www.irahelp.com/slottreport/...lott+Report%29
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Not bad, I retired 4/30/2016 and my case has been finalized as of 7/12/2016.
I will be receiving my regular pension checks starting 8/1/2016 (supplement included).
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Congrats! Nice to get the news your pension is finalized!
2. You can withdraw Roth IRA contributions whenever you want, tax- and penalty-free. On his site, financial planner Tim Maurer writes about The Three Guarantees in Financial Planning, which he says are surprises, change and failure. And he says that the Roth IRA offers the liquidity you'll need to deal with those three guarantees. "Roth IRAs are unlike any other retirement investment bucket, for lack of a better term, as you're allowed to back money out of the account for any reason at any time at any age and without any tax consequences or penalties."
Read more at 8 Reasons You Need a Roth IRA Now-Kiplinger
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Prayers for all TSP Talkers, families and friends in FLORIDA, NORTH AND SOUTH CAROLINA...
be safe...
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Anybody bought AMD a month ago? Is the rally over? Zen making a difference? Or not? Is it time to sell?
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Wow, nice move. I'd say a stop just below yesterday's low would be a good idea if you don't want to sell yet. Looks like it's trying to make new highs today.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Not being savvy with the stock trading languagr.. I had to read and re-read your post. It took me awhile before I understood what you meant. Lol...
and correct me if I got you right: if stock is closed at $11, and I got them for $8, I 'll put a stop limit at a price between $$9-$10.88
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Questions about Social Security and Roll Over:
At 62, my husband and I will receive almost the same amount of Social Security. e.g. $1600 each.
I am almost a year older than him (10 months). I am 58 and my husband is 57.
Per our family histories, he will have an above average lifespan and I will have a below average lifespan.
Will it be wise for him to start collecting his Social Security at 62 while I wait to collect mine at FRA -70 years old?
The logic we are thinking is that if I reach 70 years old and die soon after that, my husband will get my higher pension since I reached FRA?
Any thoughts?
TSP Roll over to IRA- We are also thinking of rolling over our TSP to a Traditional IRA and when we both reach 59.5, we can start moving them to our Roth IRAs on a monthly basis so that we don't get hit by a big tax.
Note:Additional info:
One of us has to collect SS at 62 for us to be financially comfy since both our supplemental incomes will stop. As much as possible, we don't want to withdraw from our TSP because we have a child with disability and would like to ensure that he will be comfortable for the rest of his life.
My husband's gov't. pension is 40% less than mine, but his military pension will kick in at 59.5 years old, so we will almost be on equal footing regarding our gov't. pension.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
You also have to think about health insurance and Medicare at age 65. Once you start collecting SS they will take out money to pay for plan "B". Regardless, at 65 you have to pick up plan "A". Sorry to throw in a glitch but with the planning you are doing now you might want to do a little homework on Medicare and your health insurance.
Best of luck.
May the force be with us.
So, since I'm already retired and age 57 when I turn 62 and go on SS I will have to take medicare "B"? and I should keep my BCBS too? Is that the general advice from you guys who have done it?
Thanks
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