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
Advantages of a TSP roll over to an IRA (at 59 1/2):
1. IRA- you can change your withdrawal schedule/amount anytime. TSP has a limit - once a year and must be done at a certain time frame. (I think, October or November)
2. Real time trading unlike TSP- by 12 noon.
3. Unlimited Trading- unlike TSP, only 2x a month plus IFTs to G.
4. More diversification of your investments unlike TSP with only G F S C I and Target funds(Life)
5. With IRA, you can withdraw any amount of money anytime. TSP allows you only 1 "big" withdrawal.
6. Tax diversification
Despite all these rollover advantages, Don't forget the downside...higher expense ratio...
Updated #6
Anything else?
p.s. I noted 59 1/2 because if you retire early, you can start withdrawing with TSP asap, but not IRA.
Last edited by Maricar19; 06-08-2015 at 09:04 PM.
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
Information on Variable Annuity: Finally, a Variable Annuity Worth Considering-Kiplinger
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Costly Social Security Mistakes
Boost SS for Married Couples
Strategies Married Couples Can Use to Boost Benefits
..." Making informed decisions about what kind of benefit to take -- and when -- can boost your total benefits payout...."
As FERS retirees, it is important to know when and how to claim your SS Benefits...
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
4 Ways Early Claimers Can Boost Social Security Benefits
Excerpt from the link above...if you don't have 35 years SS earnings...
Replace a Zero
Your Social Security benefit is based on the highest 35 years of earnings in your work history -- including any years of earnings you rack up while taking benefits. The Social Security Administration annually reviews the earnings records ofbeneficiaries who are still working. So if you take your benefit early but continue to work, your benefit will continue to climb if your annual earnings top the earnings of another year.
If you have, say, only 30 years of earnings and five years in which you had no earnings, a year with any amount of annual earnings would replace one of those zero years -- and that would increase your lifetime monthly benefit amount. For example, a woman who left the workforce for a few years to care for young children could boost her benefit with even a part-time job if those earnings replaced a zero year.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Social Security Calculator - when to claim benefits, who should claim first, etc.
Social Security Benefits Evaluator - T. Rowe Price
Last edited by Maricar19; 06-14-2015 at 11:55 AM.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Say you retire on 12-31-15 and get $25,000 for your accumulated leave in 2016. Does that $25,000 count as social security earnings for 2016 - and thereby give you another year to replace a zero or low wages from 35 years ago? It should since you're paying SS taxes on that $25K.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
As far as I know, no.Not salary or wages.
PO
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