Thread: Maricar19 Account Talk

My Path to Retirement
1.Accumulate as much annual leave (Maximum is 708 hours)so that there's cash to start with while waiting for HR to compute my retirement pension..
2. Pay off all debts, if possible.
3. Start house repairs, sell the house in preparation for a downsizing to a 2 bedroom house with a very small yard, no more than 10 minutes to mow the grass, but big enough to have a vegetable garden of tomatoes, okra, eggplant, upo, bittermelon, bell pepper, jalapeños and green beans.
4. Start looking for a tax friendly state: no snow, no hurricanes and no earthquakes.
5. Consolidate all IRAs.
To be continued...

do you always let your dog pee in the sink?

Originally Posted by burrocrat

do you always let your dog pee in the sink?

Actually, he washes himself in the sink 👻

Burro and Lbound, thanks for the reps. They made my day!

Browsing TSPTalk website, I came across Rule #2 about creating an account talk:

"Rule #2. When your user profile is created, you must create an "Account Talk" thread in our “Members Account Talk” form. Please discuss your strategy, and reasons for your transactions in your “Account Talk” thread."

I guess that made me squirm...I don't know squat about stocks' trend, what factors will influence their upward/downward movement, etc., etc. tried to understand the charts, graphs posted in the site, but you can't teach an old dog new tricks...

All I know is to "try" to keep invested 80% of the time, have a diversified portfolio ( I guess index funds like C and S count?), take more risk and enjoy the roller coaster!

Originally Posted by Lakebound

If I do decide for a withdrawal, I think I will opt for the life-expectancy and then see how things go until 59. Right now, I plan to leave it be for the first few years into retirement because my wife has an additional two years to go and I plan to work part time and work the system in the markets.

Looking forward to whatever life brings!

Lbound, If I am correct, you will be retiring as a LEO? I guess you are one of the special groups that can work without worrying about exceeding the supplemental insurance until you reach your MRA. For regular retirees like us, we have to watch the earnings threshold.

Continuation of thread #14-My path to Retirement
TSP

•Make a full withdrawal using a combo of the three options to withdraw my entire TSP account balance:
– A single payment to pay off mortgage in case house does not sell quick enough. If house sells quick enough, then do a world tour for 6 months.
– Upon return from world tour, set up TSP monthly payments to augment our FERS pension and SRS until 60 when military pension kicks in. (I know, a lot of eyebrows raised about spending for world tour and touching TSP, but we would like to enjoy)
As soon as military pension kicks in, reduce TSP monthly withdrawal by same amount until 62.
And then stop TSP withdrawals completely and just let it grow again.
– Will not opt for annuity
Crazy plan? Well, sometimes you just gotta let go...

Originally Posted by Maricar19

Lbound, If I am correct, you will be retiring as a LEO? I guess you are one of the special groups that can work without worrying about exceeding the supplemental insurance until you reach your MRA. For regular retirees like us, we have to watch the earnings threshold.

Correct. Sorry about that, I was speaking as if everyone here is in the same situation. I forget that this is a big world and a forum with quite the diverse group.

Frank

Continuation of thread #20 -My path to Retirement

Just received my annuity estimate and that of spouse. Not getting much after 30+years of service.

If you are reading this, please understand that I am not bragging (there's not much to brag), just felt the need to share in case somebody has some suggestions regarding the mix.

From age of retirement to age 60: Total $7300
Combined annuity: $3300/month
Conservative combined SRS Estimate: $1500
Combined TSP monthly withdrawal: $2500

From age 60 to 62: Total $7300
Annuity: $3300+
SRS: $1500
TSP: $1400
Military pension:$1100

Age 62 - 66: Total $7500
Annuity: $3300+
SS: $1300 (only one us will claim)
TSP: $1800
Military pension:$1100+

Or
Age 62 and up: Total $7900
Annuity: $3300+
SS: $2800(both claiming at 62)
TSP: $700
Military pension:$1100

Ravensfan, how are you able to post in your thread account a spreadsheet like format?

Open a post	X
Select Go Advanced	X
The third line down has grid formatting	woohoo

Originally Posted by Maricar19

Ravensfan, how are you able to post in your thread account a spreadsheet like format?