Does TSP Calculate mandatory withdrawals (after 70 yo) and disburse funds automatically?
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Thanx Cactus for the quick response. My wife has become interested in the disposal of my account since her mom is clueless with her retirement efforts.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Hey Frixxxx it's been awhile since you dusted off your account.
May the force be with us.
This might help. https://www.tsp.gov/bulletins/19-6/. Possibly RMD doesn't happen until 72 now and is automatic. Maybe they no longer consider old peoples accounts abandoned? I don't really know but am hoping this is all true as 701/2 is rapidly approaching.
PO
Millionaire Alert, and maybe a buying tip?
Secrets of TSP millionaires
By Mike Causey @mcauseyWFED
https://federalnewsnetwork.com/mike-...-millionaires/
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
I said somewhere else on this MB that I'm impressed by the 40 year olds with $1M, not the late 50 early 60 year olds. It's not that hard if you've contributed over many years. See chart below. Start at $0, invest $1,000 a month for 30 years, 6% return and you're pretty close. And that's investing next to nothing even if you include the match.Most have been investing 25 years or more.
calc.JPG
So should we assume this stock market guru is in G fund now since he's pinned an exact date on his next buy opportunity? What is he doing, moving from G to C? Re-balancing his allocation that day?
I hear we all need to watch what happens November 4th.Keep your eye on Dec. 11, which is the date Congress and the White House must must reach and agreement to continue federal operations. I will tell all my clients that it is an excellent opportunity to do the same. It is called buying on the dip. I won’t have to stand in any Black Friday line. It will only take a few clicks on the TSP website.
Don’t Miss Your Full TSP Match with the New Spillover Provision
https://www.fedsmith.com/2020/12/02/dont-miss-your-full-tsp-match-with-new-spillover-provision/
...
TSP Spillover Provision Basics
First, let’s get a few things straight. For everyone that is younger than 50, the annual limit for the amount you can put in your TSP in 2020 is $19,500. If you are age 50 or older, you are able to put in an additional $6,500 for a total of $26,000 in 2020. This additional amount for those 50 and above is called catch up contributions.
Starting in January 2021, those eligible for catch-up contributions (age 50 and above) will not have to fill out separate elections for regular TSP contributions and catch-up contributions. All you have to do is fill out one election and once you hit the normal limit ($19,500) then any additional contributions will automatically “spillover” and become catch up contributions.
....
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Please double check the age for the start of the catch-up contribution. I believe you can start your catch-up contribution the year you turn 50. Not starting at age 50. For those of us with December birthdays, you can start the catch-up in January after your 49th birthday. Otherwise you may lose a year of catch-up contributions. I’ll be 48 in a couple of weeks so this will really affect me next year.
Currently 953k, hopefully a Santa Claus rally will put me over the top. Happy Holidays!!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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