Thread: Maricar19 Account Talk

Originally Posted by tsptalk

I got your PM, maricar19, but it loos like you're in good hands here.

Thanks, jpcavin and Frixxxx!

Thanks JpCavin, Frixxx and Tom... Got it...

Looking Back from 2008-2014, 5 out of 7 of the 4th Monday of March, S fund is up whenever the preceding Friday is up, too..
mean anything? maybe nothing... let's wait for Monday..

	3/24/2008	3/23/2009	3/22/2010	3/28/2011	3/26/2012	3/25/2013	3/24/2014
Fr	17.63	10.4482	17.9282	21.7569	23.514	27.3587	34.5906
Mon	18.06	11.2139	18.142	22.1889	23.6446	27.2414	34.8004

Originally Posted by Maricar19

Looking Back from 2008-2014, 5 out of 7 of the 4th Monday of March, S fund is up whenever the preceding Friday is up, too..
mean anything? maybe nothing... let's wait for Monday..

	3/24/2008	3/23/2009	3/22/2010	3/28/2011	3/26/2012	3/25/2013	3/24/2014
Fr	17.63	10.4482	17.9282	21.7569	23.514	27.3587	34.5906
Mon	18.06	11.2139	18.142	22.1889	23.6446	27.2414	34.8004

I'm counting on it!

Frank

You retired at 62 and realized you needed an additional $1500 monthly to live comfortably.
Will you use your TSP to augment your retirement income until you reach FRA or will you start claiming you Social Security benefits and not use your TSP?

Note:TSP balance $250,000; SS at 62 is $1500 and SS at FRA is $2200.

Choices:

1. Use TSP until FRA
2. Use Social Security benefits at 62 and delay tapping your TSP

Originally Posted by Maricar19

You retired at 62 and realized you needed an additional $1500 monthly to live comfortably.
Will you use your TSP to augment your retirement income until you reach FRA or will you start claiming you Social Security benefits and not use your TSP?

Note:TSP balance $250,000; SS at 62 is $1500 and SS at FRA is $2200.

Choices:

1. Use TSP until FRA
2. Use Social Security benefits at 62 and delay tapping your TSP

Sorry, I have to go with Choice 3. Go back to work until FRA!!

TSP is too low, and $1500/mo is too low.

Originally Posted by uscfanhawaii

Sorry, I have to go with Choice 3. Go back to work until FRA!!

TSP is too low, and $1500/mo is too low.

You are so smart USCFan.. I always look forward to your responses..you always find a loophole
I should have added another parameter - no option to go back to work! LOL

Thanks USCFanH.., but I still would like to see which one you would have chosen if you have no option of continuing to work.
Remember, no other options available, but the two choices above.

By the way, congratulations on your 500 posts..

Our option #3 is tapping our taxable accounts first which are spread between property, savings, CD ladders and Mutual Funds. Then draw from Social Security and keep the IRA/TSP/401k deferred until age 70.

Originally Posted by Maricar19

You are so smart USCFan.. I always look forward to your responses..you always find a loophole
I should have added another parameter - no option to go back to work! LOL

Thanks USCFanH.., but I still would like to see which one you would have chosen if you have no option of continuing to work.
Remember, no other options available, but the two choices above.

By the way, congratulations on your 500 posts..

Originally Posted by OBXTrader

Our option #3 is tapping our taxable accounts first which are spread between property, savings, CD ladders and Mutual Funds. Then draw from Social Security and keep the IRA/TSP/401k deferred until age 70.

OBXT, you're so like USCF, always thinking outside the box.
However, 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.

https://myretirementplan.wellsfargo....subform=income

Originally Posted by Maricar19

OBXT, you're so like USCF, always thinking outside the box.
However, 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.

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.

Hum.. Is this a trick question?

Well either way...I go with option 2.
If you retired at 62, you must be referring to SS full retirement age.
With TSP you would continue to grow it, If you can earn at least 7.2 % a year while invested you would gain $18k a year in your TSP, which is equal to your monthly shortfall of $1500. However you must then consider whether SS is a fixed amount that does not adjust for inflation so you might need to earn a little more each year in TSP to make that up as well. Not sure of the rule on that.

Also, you must then consider how much extra you would have gotten in SS if you retired at the normal SS full benefit age, and compare that to the additional amount you need to earn in TSP every year after reaching SS full retirement age as that would be a permanent loss each year after you reach your SS full retirement age. Right?


To Be worth it you would need to earn that much more in your TSP until 70.5,but it would need to cover your life expectancy beyond 70. So this further increases the percent you must earn in TSP up to age 70 to make up for the extra money you need to live on thereafter throughout your life expectancy, to include your 250k and any extra you earned. If you live beyond that, it's best that you have been very good to a child, family member or awesome friend!!!


Also, You could take the one-time single lump sum from your TSP, but all taxable in one year, and it would not be earning you anything. So again you must compare what the lost earnings would be and tax effect. Hum.... Uggghhh right??