Roll over to an outside IRA
Partial withdrawal
Monthly Payments based on your specified dollar
Monthly payments based on IRS Life Expectancy
Just leave it with TSP until 70 years old
Not sure yet
Annuity
Other options not mentioned above
Health Savings Account (HSA): Even if you are retired, but under age 65, you can still contribute to your HSA if you have a qualifying high-deductible health (HDHP) insurance.
However even if we are retired and under 65, we cannot contribute to HSA because we are covered under Tricare insurance.
We never gave HSA a thought because we knew that we will be covered by Tricare (USFHP) before 65 and then Tricare Prime and Medicare at 65.
Alas, we never looked beyond the services that will not be covered by either insurances.
No matter how much preparation/ research during your pre-retirement years, there will always be,.."I wish I did that...I wish I knew that!"
Long Term Care (LTC): We checked Federal Long term Care (FLTC) and it was expensive for me. Am a smoker, overweight, and so on..
But we are still on the lookout. We are interested in the "Hybrid Policy" that FlaFlaw mentioned- where both parties can draw from it.
Per FLTC website, if benefits are unused, part/some of the premiums will be returned. The application form asks for beneficiary.
Last edited by Maricar19; 09-08-2021 at 10:13 AM. Reason: addendum
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Another TSP Talker that I miss is StopLight..haven't seen him around
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
He's around occasionally - mostly in the premium forums recently.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
There are a handful of folks I miss from the mid 2000's that had some great posts and insight.
May the force be with us.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
I retired last year due to covid with Social Security Part A , Part B, and FEHB Blue Cross Blue Shiels Standard plan. The HR specialist was very helpful guiding me and to date there have been out of pocket expenses, no copays, or other miscellaneous expenses of any kind having several office visits and a few tests at a medical center.
Pharmacy costs have been none to very manageable. Able to compare with others for same or similar prescription cost and I paid $5.00 for Rx as prescribed vs someone with UnitedHealthcare plan F prescription plan paid over $15.00 and received a generic.
Wish you the best!
Thanks nnuut. Just a little follow up- not meaning to be nosy-(ignore if you don't feel like answering) - Have you had major procedure?
I would like to find out from others, too, if they:
1. have Tricare for Life as a supplement to Medicare?
2. have FEHB and Tricare as supplement to Medicare?
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
May the force be with us.
Hey Maricar19
I have Tricare for Life as a supplement to Medicare parts A and B as well as my wife. She suffers from ALS and between Medicare and Tricare for Life have not incurred any additional bills we are responsible for. Everything has been paid in full (80% through Medicare and the remainder through Tricare for Life) In addition we both receive pharmacy, lab, x-rays and vision through a local military clinic near my home as part of our Tricare for Life benefits at no additional cost.
RF
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
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