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

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

    24 20.87%
  • Partial withdrawal

    17 14.78%
  • Monthly Payments based on your specified dollar

    31 26.96%
  • Monthly payments based on IRS Life Expectancy

    5 4.35%
  • Just leave it with TSP until 70 years old

    18 15.65%
  • Not sure yet

    29 25.22%
  • Annuity

    0 0%
  • Other options not mentioned above

    6 5.22%
Multiple Choice Poll.
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Thread: Maricar19 Account Talk

  1. #1

    Default Maricar19 Account Talk

    Coming soon!
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1


  2.  
  3. #2

    Default Re: Maricar19 Account Talk

    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!

  4.  
  5. #3

    Join Date
    Jun 2014
    Location
    Virginia
    Posts
    667

    Default Re: Maricar19 Account Talk

    Best of luck. It's a transition but you'll enjoy it.

  6.  
  7. #4

    Default Re: Maricar19 Account Talk

    Below is a link shared by Cactus. It highlights the different withdrawal options, its complications and its relative effect on your fund allocation.

    3 Quirks About the TSP in Retirement : FedSmith.com
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  8.  
  9. #5

    Default Re: Maricar19 Account Talk

    Maricar. How do find time to research all this retirement info if you are working for the post office? I'm freakin' exhausted after I get off work and barely have the energy to do much other than shower, eat, pop some ibuprofen and go to bed. You must be a clerk! Just kidding...clerks work damn hard too! I appreciate your research very much....saves me the energy. Maybe you should take the next VERA and work as a retirement specialist for the post office. You'd make some good side coin. You wouldn't have to dip into your TSP account. ��

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  11. #6

    Default Re: Maricar19 Account Talk

    KKathy... Spouse is a carrier so I know what you are talking about being tired and all that..and is the reason I am doing all these research on TSP, retirement, et al is because spouse expressed desire to retire in 2 (two) years at 57 years old...tired from walking with 4 bundle, bs from management, etc.

    You are gonna hate me...LOL...I was a clerk for ten (10) years, but when the kids got into college, I availed of the different postal programs, became a supervisor, and then got the degree and the MBA and moved up some more...and now relaxed when I get home..just taking care of mate...

    Still hate me? He he he!
    PS, that's what people say...I am a walking Retirement Manual, but not really..reading the others' commentary on Tsptalk site makes me realize I don't know much. I feel sorry for our employees, retirement counseling is via phone not face to face.


    Quote Originally Posted by konakathy View Post
    Maricar. How do find time to research all this retirement info ...You must be a clerk! Just kidding...clerks work damn hard too! I appreciate your research very much....saves me the energy. Maybe you should take the next VERA and work as a retirement specialist for the post office. ��
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  12.  
  13. #7

    Default Re: Maricar19 Account Talk

    Source 1: page 21 - https://www.tsp.gov/PDF/formspubs/tspbk30.pdf

    Withdrawal Options Upon Retirement:
    •Make a partial withdrawal. You may make a one-time, single-payment, partial withdrawal (but only if you had not previously made an age-based in-service withdrawal).

    •Make a full withdrawal. You have three options to withdraw your entire TSP account balance:
    – A single payment
    – TSP monthly payments
    – An annuity (purchased for you from the TSP’s annuity vendor at a minimum of $3,500)7
    You can combine any of these three full withdrawal options.

    You can also have the TSP transfer part or all of certain types of withdrawals to a traditional IRA, an eligible employer plan, or a Roth IRA. When considering your withdrawal options, use the calculators on the TSP website to estimate the amount of annuity payments or monthly payments you might receive.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  14.  
  15. #8

    Default Re: Maricar19 Account Talk

    Oh, brother....there is always one in a postal family that will go over to the dark side! My sister just retired last month; she was a Manager in the Pacific Area and is so overjoyed not to be apart of the postal system bureaucracy bs anymore. I have 525 days, 13 hours, 22 minutes and 43 seconds left to get the hell out of dodge. -and unless I win that Mega Millions next week.. It will be 2 days ! Wish me luck.

  16.  
  17. #9

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by konakathy View Post
    Oh, brother....there is always one in a postal family that will go over to the dark side! My sister just retired last month; she was a Manager in the Pacific Area and is so overjoyed not to be apart of the postal system bureaucracy bs anymore. I have 525 days, 13 hours, 22 minutes and 43 seconds left to get the hell out of dodge. -and unless I win that Mega Millions next week.. It will be 2 days ! Wish me luck.
    Wish you luck with the Mega.., but you have to have the same numbers as my ticket...because I 'll win the mega!
    Ain't the truth? Always a black sheep in the family...LOL
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1


  18.  
  19. #10

    Join Date
    Aug 2014
    Location
    Pennsylvania, USA
    Posts
    281

    Default Re: Maricar19 Account Talk

    I voted 3 options:

    -Keep in TSP until 70
    -Rollover to outside IRA
    -Not Sure Yet

    I'm still only 2 years into my TSP with a long way to go, so nothing set in stone for a while. I will hopefully have 2 retirements by my 50's with BOP and military, so I will try to maximize as much as I can until I need to take it out and enjoy as much of my remaining life as possible with my wife.

  20.  
  21. #11

    Default Re: Maricar19 Account Talk

    Started 2015 withe -$493.00. As of this morning, my total gains for 2015, is +$17,000.
    Equities are down today, so I am doomed.
    Gotta wait....again. Shouldn't be greedy!
    BUT my goal is 7%-10% per year, is that being greedy?
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  22.  
  23. #12

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Maricar19 View Post
    As of this morning, my total gains for 2015, is +/- $17,000.
    Equities are down today, so I am doomed.
    Gotta wait....again. Shouldn't be greedy!
    BUT my goal is 7%-10% per year, is that being greedy?

    I retire in 13 months (caveat). I am up $25,000 as of January 1st just by following one of the Premium systems (almost - I bailed back to G fund on Wednesday). I am up over 6% this year alone. So no, IMO you are not being greedy but you have other factors to consider in comparison with someone who is in L Funds with 10+ years to go.

    I look at what percenatge I calculate I will need to earn for any given year so that I maintain and grow my overall balance and still receive my monthly payments that I plan on taking out. This last year in service will be my "test" year so to speak. If I can do this (manage my account) now, I will do it part time in semi-retirement for myself. But, I remind myself that I can balance earning/growing with caution (I pulled back two days ago - bucking the current trend) that I will need to survive in retirement.

    There will be more opportunities this year to get to 12-14% (My goal). I am trying to balance caution with growth and isn't that what the market is supposed to be about? Good luck and have fun! If I don't get to 12-14%, no big deal, my monthly payments have been based on a 7% return. And this year with caution, I almost there.

    You almost need to listen to Kenny Rogers' "The Gambler" playing in the backgrouns when you log in to TSP before you push that IFT execute button!

    Frank

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