Thread: Maricar19 Account Talk

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).

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

8 Tips for Saving Big and Retiring Earlier - Can I Retire Yet?

Prayers for all TSP Talkers, families and friends in FLORIDA, NORTH AND SOUTH CAROLINA...
be safe...

Anybody bought AMD a month ago? Is the rally over? Zen making a difference? Or not? Is it time to sell?

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.

Originally Posted by tsptalk

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.

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

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.

Originally Posted by Maricar19

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.

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.

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