Page 90 of 91 FirstFirst ... 408088899091 LastLast
Results 1,069 to 1,080 of 1083

Thread: James48843 Account Talk

  1. #1069

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,687

    Default Re: James48843 Account Talk

    James,
    If your comfortable with what you are doing then why make a change.
    The only other thing would be to take out a little extra a month and put it away in savings or checking. I know it doesn't make any interest but then you might have some extra on hand to purchase something you would like or when Covid is over go on a vacation somewhere. Just enjoy it and have some fun.
    May the force be with us.

  2.  
  3. #1070

    Join Date
    Mar 2020
    Location
    Cape Cod
    Posts
    159

    Default Re: James48843 Account Talk

    TSP has an annuity calculator that shows what your balance would be depending on how much you take out each month and what return rate you think you will be able to get. Play with the numbers. Even with a very conservative 3% annual return, at the rate you are taking it out ($1000/month) you are going to keep going up until you have required distributions at age 70. Can you use any of the money to improve your health and give you more time to enjoy it? I know you can't "buy" health but perhaps you can afford to spend money on things that would improve your health (personal trainer, nutritionist, other treatment recommended by your physician, etc?) My feeling is you can't take it with you so enjoy it while you can - I think you could probably do that without wiping out what you have saved even with a conservative investment strategy. Congratulations on your retirement and your successful savings!

  4.  
  5. #1071

    Join Date
    Feb 2008
    Location
    Smithfield, VA
    Posts
    934

    Default Re: James48843 Account Talk

    It depends on what you have in your will regarding what happens with your money when you are gone. If you have kids and wish to leave it to them then maybe being conservative is good. However, if not, enjoy the money you earned. Travel the world and do whatever makes you happy since that money isn't going to do you any good when you leave this earth.


  6.  
  7. #1072

    Join Date
    Aug 2011
    Location
    Valatie, NY
    Posts
    266

    Default Re: James48843 Account Talk

    Quote Originally Posted by James48843 View Post
    So, here us a question.

    How much is ďenoughĒ?

    Iím sitting here, absorbing every last drop of upside movement I can on this S fund anomaly (yes, I think itís an anomaly. There really isnít the earnings growth to support this much movement upwards in the s fund.).

    Iím 60 years old and have now retired.

    I donít expect to last except maybe to 74 or so, if Iím extremely lucky. 72 is probably about right. If Iím fortunate.

    Iím obese, have a host of medical issues- heart disease, high blood pressure, and if I get a few years to do things, Iíll be happy. I KNOW I am never going to be 85 years old.

    So how much is ďenoughĒ?

    Iím taking $1,000 a month right now from the TSP, on top of my roughly $4k pension income. On paper it looks like I COULD be taking like 7 or 8 k per month, and not run out of money. I have now $1,165,000 in TSP and itís growing, not shrinking, at this point.

    But I donít feel like that yet. Iím still thinking I need to scrimp pennies and save for later.

    How do you know when itís time to spend some if that ?


    Sent from my iPhone using TSP Talk Forums
    James, there's much you can do to improve your health and live longer to enjoy your retirement.
    I recommend the book by Dr Caldwell Esselstyn, "Prevent and reverse heart disease" as a great place to start.
    Wishing you a long and healthy retirement!


    Sent from my Pixel 4a using Tapatalk
    Expected FERS Retirement; December 2028
    Thru-hike the Appalachian trail spring 2029

  8.  
  9. #1073

    Default Re: James48843 Account Talk

    IMO, enough is when you have what you want. That could be a bigger house, fancier car or time to finally destress of years of worrying while working "will I have enough"? The latter was the right choice for me and my SO. Retired at 55 with quite a bit less than you have, I am currently 63. After house remodels and expensive purchases we decided to downsize since I realized I was chasing others dreams. Our monthly income is similar to yours and that is plenty for us, we still contribute to our IRA and haven't had to use it, BTW I believe the minimum distribution on TSP is now 72. I also can say that it took a few years to isolate the the things that were important to me after chasing "more", raising 6 kids and various bumps in the road it takes time. So take a breath, work on your health, I have that too big for my britches weight as well, and realize you now have options. Blessings and the best to you.

  10.  
  11. #1074

    Join Date
    Apr 2005
    Posts
    14,226
    Blog Entries
    12

    Default James48843 Account Talk

    Thanks all!

    By the way- thank you to the nurses at the VA hospital who are working today- a holiday. They gave me my initial dose of Pfizer Covid vaccine today.

    Nurses- YOU ROCK!

    First dose is done and in the arm, thanks to you!

    I love socialized medicine! :-)

    Image1613427966.842415.jpg


    Sent from my iPhone using TSP Talk Forums

  12.  
  13. #1075

    Join Date
    May 2007
    Location
    Washington State
    Posts
    142

    Thumbs up Re: James48843 Account Talk

    Quote Originally Posted by James48843 View Post
    Thanks all! ... By the way- thank you to the nurses at the VA hospital who are working today- a holiday. They gave me my initial dose of Pfizer Covid vaccine today. Nurses- YOU ROCK!
    JAMES -- Sounds like YOU ROCK also! Look what you've done - wow - worked very hard, served your country well for many years, watched the pennies while loving & taking care of your considerable family! Congrats on Retirement. I'll likely retire FERS after 38-years Fed-Service, lucky to have solid TSP but not as flush as yours is. It struck me that you must have some interests/goals you've not gotten to yet to take up & focus the mind & body, perhaps add in some volunteering for NPOs (local or far, it helps and always feels great) adding your considerable know-how and talents... and perhaps focus on investment in your health as diligently or more-so as you've focused on saving, working career and investing all these past years? Others on here replied with great tips/thoughts. I don't have it all figured out, have ailments that will likely shorten my lifespan, that's why I want to retire while I still have physical capacity and some vigor; I plan to stay very active and work of a number of things - sweat-equity major house-repair & - improvements projects, volunteering, get an RV and travel here & some more to Europe, and exercise more and teach myself to play guitar, and lots of time for family (not all in that order) ... will have to see if I stick to that plan.
    I've always appreciated your sharing, thoughts, comments on TSPtalk! Thank you! Here are my prayers and wishes for continued blessings and fortune to you and yours. ...... Kurt

  14.  
  15. #1076

    Join Date
    Apr 2005
    Posts
    14,226
    Blog Entries
    12

    Default Re: James48843 Account Talk

    Moving to safety.

    88%=G
    08%= F
    01% = C
    01%= S
    02%= I

    Just cause.


    Sent from my iPhone using TSP Talk Forums

  16.  
  17. #1077

    Join Date
    Apr 2005
    Posts
    14,226
    Blog Entries
    12

    Default Re: James48843 Account Talk

    Back into stocks.

    C= 01%
    S= 97%
    I = 02%

    Wish me luck.

  18.  
  19. #1078

    Join Date
    May 2011
    Location
    Florida
    Posts
    1,664
    Blog Entries
    6

    Default Re: James48843 Account Talk

    Looks like you nailed that last move to safety to avoid this dip. Well done!

  20.  
  21. #1079

    Join Date
    Aug 2011
    Location
    Mississippi
    Posts
    441

    Default Re: James48843 Account Talk

    Well done James! I was out of sync and if Iíd have gotten out, Iíd have missed the swing due to being out of IFTís.


    Sent from my iPhone using TSP Talk Forums
    Scott Harrison
    Senatobia, MS

  22.  
  23. #1080

    Join Date
    Mar 2012
    Location
    Hampton Roads, VA
    Posts
    3,158

    Default Re: James48843 Account Talk

    Quote Originally Posted by rangerray View Post
    Well done James! I was out of sync and if I’d have gotten out, I’d have missed the swing due to being out of IFT’s.


    Sent from my iPhone using TSP Talk Forums

    Isn't it amazing? You have to set up a full month prior to catch a swing trade!
    100% S


  24.  
Page 90 of 91 FirstFirst ... 408088899091 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
James48843 Account Talk
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
James48843 Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
James48843 Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
James48843 Account Talk
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes