Thread: Aviator Guy's Account Talk

Taking it all off the Table… Going back in Jan 2011… Taking my YTD profits home… Happy New Yr J

I decided to get out of Stocks as I burn up my 3rd and absolutely the final IFT for 2010 on Dec 17th and it’s been a really good YTD, QTD and month to date too. One of my very basic personal rules I try to follow is pull out of the market anytime my account increases more than 2 to 5 percent in less than a four week period. I’ve been ignoring that lately trying to take advantage of this way cool Christmas Rally… LOL… Greed is good but dang it, it can be dangerous too for investing…

I’m still bullish long term for the Markets and look forward to taking a leap back in sometime in January 2011. If at all possible, I like being in the market late in any month as to carry over into the following month. This gives me a little more flexibility to jump out after a move up and then back in later in the month on any drop to repeat the cycle. I’m really forced to do this because of that crazy IFT limit. The TSP board made a huge mistake when they took away participant unlimited IFT’s. They claim it saved a ton of money from those 500 individuals identified as frequent traders… LOL… And yes, I was one of those 500 fed employees listed and Proud of it Baby!!!

About the only thing that makes me nervous being in the Dec market for the rest of the month is mini me one (N. Korea Pres), mini me two (Iranian midget Pres) and another Bloomers Bomber nut cases around the holidays. Good Luck with your investments and let’s start working on 2011 in a couple weeks. About 100 of TSP Talkers are still beating the C Fund and that makes me so happy!!! I hope everyone has a great Christmas and a Happy New Year!!!!

BTW, I joined the Navy 25 yrs ago, Dec 17th 1975 and almost froze to death at that boot camp in Great Lakes RTC (Near Chicago Land)… Brrrrrr

Originally Posted by Aviator_Guy

BTW, I joined the Navy 25 yrs ago, Dec 17th 1975 and almost froze to death at that boot camp in Great Lakes RTC (Near Chicago Land)… Brrrrrr

ROFL... Make that 35 yrs ago... LOL

Originally Posted by Aviator_Guy

I decided to get out of Stocks as I burn up my 3rd and absolutely the final IFT for 2010 on Dec 17th and it’s been a really good YTD, QTD and month to date too. One of my very basic personal rules I try to follow is pull out of the market anytime my account increases more than 2 to 5 percent in less than a four week period. I’ve been ignoring that lately trying to take advantage of this way cool Christmas Rally… LOL… Greed is good but dang it, it can be dangerous too for investing…

A big standing O for Aviator_Guy! You had a great year. +33.8% - Nice job!


source: http://media.photobucket.com/image/s...vation.jpg?o=4

Even if he did try and knock 10 years off his age

Originally Posted by WorkFE

Even if he did try and knock 10 years off his age

nothing brings in the new year like knocking 10 years off your age

beats 34% returns anyways! time is much more valuable then money :toung:

LISTEN UP!

AG was understating the case about how much you owe him. Being on active duty during those times and doing whatever he did allows us live in the USA as we do today. Not saying he controlled the politics and it's all his fault. He just did what he did and that is why the US exists at the present time.

Off soap box. Congrats AG from a person with similar age/experience.

I now wish I could’ve hung out with the guys who stayed in the Markets and then I started thinking about this movie clip... Congratulations to our new leaders on TSPTALK Land and everyone have a Merry Christmas and a Happy New Year!!!

Social Security 6.2% to 4.2% FY 2011 withheld FYI


As I understand it, the SSA is going to reduce the amount withheld from each paycheck from 6.2 to 4.2% for employees starting PP26 (next pay period). To determine how much they take out of each paycheck, just take .062 x your Gross Pay. Starting in Pay Period 26, they will only take out .042 vice .062. So, you might want to take a close look at your next pay statement (PP26)... If you can afford it, you might want to apply that extra cash and put the extra towards your TSP savings account. You wont miss what you don’t see if you make this adjustment prior to PP26.

I’m going to apply whatever extra I get by this reduction and apply it to my Catch Up (5500 limit). I usually spread out my Catch Up contributions so it will Max out on PP 25 in equal payments. I will apply the extra 2 percent I’m not paying to the SSA and just Max out my Catch Up a little earlier in 2011.

I know they are also tampering with Federal Tax calculations also, but I don’t have a clue how their formula is going to work. For this reason, I’m going to take a very close look at PP26 to see if the percentage of Fed or State Tax withheld goes down. If it does go down and its a noticeable amount, I will also adjust my Taxes and apply any extra to my TSP, but making sure I don’t lose any matching funds for 2011 by PP25 which is the last pay period you cant deposit to TSP. I Max out the 16.5K TSP and 5.5K each year.

The NFC (National Finance Center) web site has multiple links to give you full access to make adjustments to your Fed Account. If you haven’t checked it out, I would highly recommend you do so. Good Luck with your TSP / Financial Planning and have a Happy New Year!!!

Good info, I've always been tired of losing hundreds every paycheck to a program I'll probably never see the advantage of. Who knows maybe they will make it all good eventually but for now I've always seen SS as something I just throw wasted money at....

Originally Posted by Aviator_Guy

As I understand it, the SSA is going to reduce the amount withheld from each paycheck from 6.2 to 4.2% for employees starting PP26 (next pay period).

I know they are also tampering with Federal Tax calculations also, ...For this reason, I’m going to take a very close look at PP26 to see if the percentage of Fed or State Tax withheld goes down.

Hey AV-Guy,
I'd like to see the answer to above - my bet is with so many State's and many Local Municipalities in such huge debt, we may see these Taxes jump.

When the initial Fed Tax breaks were implemented ("W's" breaks), that is what happened - as my State taxes almost tripled then.

Maybe they will do it again - and add to the Muni's as well.
(Hope I'm not giving "them" ideas.)