Thank you so much for all the great advice. I had to go out of town for a few days, butnow that I’m back, I’m going to reply and get more info.
It’s great to get advice from all of you who have beenthrough this process, I’m a sponge, so please don’t think you are wasting yourtime helping!
In reply to the info provide. So much great advice, and somany questions, so I’m going to break this into several replies.
It seems a consensus that leaving the money in the TSP vsother (vanguard) companies is the way to go. Done.I was really leaningtowards a lifetime annuity, but the responses seem so negative. Curious, whyyou are so against the idea.It seemsthat an uncertain economy as the years go by makes The market a little scary. I’vedone some computations and the TSP would run out pretty quick if I made monthlywithdrawals.
I’ve read that as you approach retirement you should shiftmore and more to G. My current situationis 188k in TSP and breakdown of 65 G, and 10 in 3 L funds (L30/40/50). Mycontributions are 50 in the L30 and 50 in the L40.So the consensus is better 50 in G and 50 inC, with contributions the same?
I’m currently contributing 14,300 a year to TSP. Getting to 24k seems impossible.But I do have a couple of tweaks I couldmake.
I owe 12k on my truck with a payment of 550.00 a month. Theinterest rate is 2.5. I’ve been paying 1k a month with the intention of payingit off by October of 2019. I could lowerthis some, and put the extra in TSP (I really don’t want a car payment inretirement). This would free up 250.00 or so (just a ballpark guess).Should I?Not sure the math that would allow paying it off by June of 2020(retirement).
I’ve got 260.00 a month going into a savings account thatmakes 1.8 interest. I could stop thisand put that money into TSP. Should I?
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