View Poll Results: Which TSP option/s did or will you choose upon Retirement?

Voters
119. You may not vote on this poll
  • Roll over to an outside IRA

    26 21.85%
  • Partial withdrawal

    17 14.29%
  • Monthly Payments based on your specified dollar

    32 26.89%
  • Monthly payments based on IRS Life Expectancy

    5 4.20%
  • Just leave it with TSP until 70 years old

    19 15.97%
  • Not sure yet

    29 24.37%
  • Annuity

    0 0%
  • Other options not mentioned above

    6 5.04%
Multiple Choice Poll.
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Thread: Maricar19 Account Talk

  1. #49

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    1,122

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Maricar19 View Post
    t...the parameters of the situation is stated as- only 2 options available, TSP and SS - no other savings, no CDs, no option to continue to work. No Option 3...and option not to choose either will cause you to starve to death.
    So there IS an option 3....starve to death! Not sure if that isn't the only option with such low resources. Curious why the severe limitations?

    Anyway, I guess I would have to go along with DBA...Option 2, take the SS and keep building the TSP. But this also depends on other variables that were not, or could not, be specified. Is the reason work is not an option because of medical reasons? Will TSP be invested in equities? Will the market cooperate with future plans? Etc.

    Then again...what do I know? I only got a 66% on the da*n retirement quiz!!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  2.  
  3. #50

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by burrocrat View Post
    those are b.s. parameters. any idiot in their right mind would find other work, even if it is just darning socks from their wheelchair. or else if truly no work options they would just sign up for ssi now for max can get and spend tsp down to zero before they died. i don't think that scenario you present with only two options is very realistic. worried retirees do not think about only two hypothetical options, they think in units of cans of alpo, and take large purses to the buffet and steal ketchup packets and saltines.
    Burro, they are not b.s. parameters, except the "starve to death" option, which is an exaggeration. LOL
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  4.  
  5. #51

    Default Re: Maricar19 Account Talk

    I guess at 430 am, nothing much exciting going on in this website.
    but I thought the other side of the world is just getting ready to sleep? Or awake?
    Guam is ahead of us - any tsptalkers from Guam?
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  6.  
  7. #52

    Default Re: Maricar19 Account Talk

    I still have 50% exposure. I almost moved to G yesterday, but today if the S funds go up,I will definitely move to G. I haven't met my monthly goal of 1% a month

  8.  
  9. #53

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by bmcar View Post
    I still have 50% exposure. I almost moved to G yesterday, but today if the S funds go up,I will definitely move to G. I haven't met my monthly goal of 1% a month

    I'm confused. If today, S-Fund goes up then you are going to IFT to G fund? Are you locking in earnings?

    BTW, Welcome.

  10.  
  11. #54

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Lakebound View Post
    I'm confused. If today, S-Fund goes up then you are going to IFT to G fund? Are you locking in earnings?

    BTW, Welcome.
    Yes, Frank. I am locking in whatever little amount I have gained this Qtr. Although the S Fund fid not go up today, I still did an IFT to G. Next month is another rollercoaster as Maricar19 calls it.
    Congratulations for being a top three on the AT.


  12.  
  13. #55

    Default Re: Maricar19 Account Talk

    MC,

    Obviously, you Guys are putting a lot of thought into your upcoming retirement “Plan” ! That’s a good thing ! Your various posts on your “situation” have got me thinking...

    A few comments/points stand out, in my mind :

    - You now have your Agency’s estimate of your bennies...use that for all your future planning !

    - Have you looked closely at what an estimate of your “routine” monthly expenses will be, after you retire ? They DO change ! ...and don’t forget about taxes !!! I assume your numbers are “gross” ? I’m not talking about the world tour...heck...that’s what “retirement” is for !

    - Downsizing house and relocating is probably a great move ! If you have a lot of equity in the “old” house, that’ll be a good chunk of change ! ...but what’s wrong with hurricanes ??? There’s a lot to be said about relocating to FL.

    - What about your “estate planning” ? None of us want to outlive our money...OTOH, if you don’t live that long, where do you want the left-over money to go ??? FERS annuity and SS can help out the surviving spouse, but where will your TSP balance go when you're BOTH gone ? This is an issue that the Wife and I are struggling with right now...

    Soooo....my vote is for Option #2 : Take the SS money and run, at age 62 (IF you need it all !) Lot's of other variables, though, as USCFH noted !

    Just my 2 cents !!!


    Stoplight...
    "Too old to rock and roll...too young to die"... - I. Anderson

  14.  
  15. #56

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Stoplight View Post
    MC,

    Obviously, you Guys are putting a lot of thought into your upcoming retirement “Plan” ! That’s a good thing ! Your various posts on your “situation” have got me thinking...

    A few comments/points stand out, in my mind :

    - You now have your Agency’s estimate of your bennies...use that for all your future planning !

    - Have you looked closely at what an estimate of your “routine” monthly expenses will be, after you retire ? They DO change ! ...and don’t forget about taxes !!! I assume your numbers are “gross” ? I’m not talking about the world tour...heck...that’s what “retirement” is for !

    - Downsizing house and relocating is probably a great move ! If you have a lot of equity in the “old” house, that’ll be a good chunk of change ! ...but what’s wrong with hurricanes ??? There’s a lot to be said about relocating to FL.

    - What about your “estate planning” ? None of us want to outlive our money...OTOH, if you don’t live that long, where do you want the left-over money to go ??? FERS annuity and SS can help out the surviving spouse, but where will your TSP balance go when you're BOTH gone ? This is an issue that the Wife and I are struggling with right now...

    Soooo....my vote is for Option #2 : Take the SS money and run, at age 62 (IF you need it all !) Lot's of other variables, though, as USCFH noted !

    Just my 2 cents !!!


    Stoplight...
    Hi Stoplight, I definitely agree with you. I have been thinking about downsizing the house and eventually moving to a County with lower property taxes. Makes a lot of sense. No need to keep paying high taxes and staying in a neighborhood with great schools--- the tax costs are definitely a premium that would be nicely spent on traveling and doing fun stuff!

    Oh I can think of lots of benefactors for your left over money! lol Actually, I immediately thought of your niece. But I am sure there are several relative s that would appreciate some help once its all said and done. Take care!... and best wishes on your retirement and your investments!!! DBAnnie

    P.S. Live long and prosper!
    Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410

  16.  
  17. #57

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Maricar19 View Post
    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), and then the other one will claim the SS at 66($2289)
    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
    I will update this once I have the time to type the results from TSP calculator.

    if I die before spouse, spouse will get my partial FERS annuity, but how does it work with SS benefits?
    scenario1. I claim at 62 and spouse defers SS and I die before 66 or any age
    scenario2. Both claim at 62 and of us die before 66 or any age
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  18.  
  19. #58

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Stoplight View Post
    MC,

    Obviously, you Guys are putting a lot of thought into your upcoming retirement “Plan” ! That’s a good thing ! Your various posts on your “situation” have got me thinking...

    A few comments/points stand out, in my mind :

    - You now have your Agency’s estimate of your bennies...use that for all your future planning !

    - Have you looked closely at what an estimate of your “routine” monthly expenses will be, after you retire ? They DO change ! ...and don’t forget about taxes !!! I assume your numbers are “gross” ? I’m not talking about the world tour...heck...that’s what “retirement” is for !

    - Downsizing house and relocating is probably a great move ! If you have a lot of equity in the “old” house, that’ll be a good chunk of change ! ...but what’s wrong with hurricanes ??? There’s a lot to be said about relocating to FL.

    - What about your “estate planning” ? None of us want to outlive our money...OTOH, if you don’t live that long, where do you want the left-over money to go ??? FERS annuity and SS can help out the surviving spouse, but where will your TSP balance go when you're BOTH gone ? This is an issue that the Wife and I are struggling with right now...

    Soooo....my vote is for Option #2 : Take the SS money and run, at age 62 (IF you need it all !) Lot's of other variables, though, as USCFH noted !

    Just my 2 cents !!!


    Stoplight...
    You are on the money, SL. I should start recording our daily/monthly expenses for the next 6-8 months before we really submit our retirement papers. We only see the obvious monthly bills, like cable, cell phone, utilities, car insurance, etc. i guess we never paid attention to the $5 here and $10 there. And my vet bills...
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  20.  
  21. #59

    Join Date
    Aug 2008
    Location
    Pensacola, FL
    Posts
    6,312

    Default Re: Maricar19 Account Talk

    Someone has been digging into my past....
    #1

  22.  
  23. #60

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by bmcar View Post
    I still have 50% exposure. I almost moved to G yesterday, but today if the S funds go up,I will definitely move to G. I haven't met my monthly goal of 1% a month
    You lucked out...the S fund went scuba diving today..
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  24.  
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