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Thread: PessOptimist's Account Talk

  1. #433

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    Default Re: PessOptimist's Account Talk

    Forget about what? Oh, that. Yes they are well trained but short one person. I am sure they took care of business. Now back to being retired.

    PO

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  3. #434

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    Default Re: PessOptimist's Account Talk

    Quote Originally Posted by PessOptimist View Post
    ...The rest of this may belong in the retirement story but maybe not as it has to do with TSP account. I have had more time to think about retirement income this month (uh oh) and wondering if it would not be better in the long run to not apply for social security until I am 70 and draw funds out of the TSP until then.

    I am 663/4 and SO is 62. I am beyond my “full SS retirement age”. Instead of drawing SS in June at 67 for me and 621/3 for SO, we wait until I am 70 and she is 661/3. The difference is about $12k per year. I start a full withdrawal with monthly payments from the TSP to live well on and at the point we apply for SS benefits I change that monthly withdrawal amount to the minimum which I believe is $200 per month.

    The thoughts behind this are that in 4 years I have to take MRD from TSP anyway. We are not particularly concerned with leaving the TSP to our successors. In 3 years, we can adjust the monthly amount from TSP to the minimum. There will still be a healthy (to me) amount in TSP. Longer term this will give us more income.

    Comments, especially from those in a similar situation, are appreciated.

    PO
    Since I posted this on Jan 17th I have been rethinking things and Tsunami posted a link which is well worth reading.

    Making Optimal Social Security Claiming Decisions by Daniel Amerman

    I tend to forget how old I am and that time passes quickly and soon I may be too old to spend the money on La Buena vida. Plus that $12k per year I mentioned will be earned by the TSP amount in the G fund each year for later. Unless the rate drops to 2012 or 2016 levels.

    Tsunami’s advice “simply to take it quarter-by-quarter, month-by-month, and apply when you reach the point that you need the money” is good advice except that I will substitute want the money for need the money. At any rate I estimate that to be June or July.

    Got some number crunching to do but leaning toward collecting SS and leaving the TSP alone until MRD time.
    PO

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  5. #435

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    Default Re: PessOptimist's Account Talk

    I moved to 100% G fund on Friday. Thought it might be time. When I looked at the S&P500 around 1000 I thought I should have left my humble 17% in C. When I looked again about 1500 I felt better. Still lost over $100 by moving. I’ll see what the rest of the month brings.

    PO

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  7. #436

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    Default Re: PessOptimist's Account Talk

    Watching the charts, I was feeling remorse about having gone 100% G on 2/15/19. I had to figure out what I lost. Just over $5k based on the 17% I had in the C fund. So, I feel better now. I am retired and have to preserve the funds.

    SO will be back from her Hawaiian, Australasian, Melanesian trip on Tuesday and I get to drive to CA to retrieve her. Not really looking forward to the drive but it will be nice to have her back. My life has been so without direction lately.

    I received in the mail a survey from US Census called the American Community Survey. The mail states my household not I was randomly selected for this survey. Then it starts out asking for names and DOB of all residents of said household and is mostly made up of questions about income. Department of Commerce Census Bureau checking up for IRS? It does ask if I have running water and a toilet. The mailing also states I am REQUIRED by US law to respond to this survey. Ever curious when threatened by .gov with persecution I followed the links.

    13 U.S.C.
    United States Code, 2011 Edition
    Title 13 - CENSUS
    CHAPTER 7 - OFFENSES AND PENALTIES
    SUBCHAPTER II - OTHER PERSONS
    Sec. 221 - Refusal or neglect to answer questions; false answers
    (a)Whoever, being over eighteen years of age, refuses or willfully neglects, when requested by the Secretary, or by any other authorized officer or employee of the Department of Commerce or bureau or agency thereof acting under the instructions of the Secretary or authorized officer, to answer, to the best of his knowledge, any of the questions on any schedule submitted to him in connection with any census or survey provided for by subchapters I, II, IV, and V of chapter 5 of this title, applying to himself or to the family to which he belongs or is related, or to the farm or farms of which he or his family is the occupant, shall be fined not more than $100.
    (b) Whoever, when answering questions described in subsection (a) of this section, and under the conditions or circumstances described in such subsection, willfully gives any answer that is false, shall be fined not more than $500.
    (c) Notwithstanding any other provision of this title, no person shall be compelled to disclose information relative to his religious beliefs or to membership in a religious body.

    I obediently answered all questions to the best of knowledge. I did not willfully give any false answers. The answers did require a lot of research, mostly in the 2018 tax return. Department of Commerce checking up for IRS? Probably. I hope I did OK and no one from either Dept of Commerce or IRS breaks down my door at 2AM some morning.

    PO

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  9. #437

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    Default Re: PessOptimist's Account Talk

    I'm not certain I would answer all that...

    On the last census I state 'Other' and provided 'Unknown' for race. I actually got a call from a census slug. Went like this:

    Me: Hello, <Me> speaking

    Them: Are you <Me>, I am <Them> from the census?

    Me: Yup

    Them: Are you Latino

    Me: Nope

    Them: Thank you <Hang Up>

    Not very professional. Didn't get good info from me. And, I still didn't tell them my toilet count and income. Send me to the slam!!! Money is my Religion!!!

    By the way, while unlikely - especially in a snail mail request - this is one way for folks to get personal information on you. You really don't want to have another home loan.
    Lookin' up at the 'G Fund'!!!

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  11. #438

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    Default Re: PessOptimist's Account Talk

    May the force be with us.

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  13. #439

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    Default Re: PessOptimist's Account Talk

    Two Birthdays today NASA1974 and PessOptimist!!!!!!!! birthdayballon.gifbirthdayclown.gifhead shake.gif


    07/02/2020
    LS CRUDE Oil
    =$48.65 a Barrel, Daily Status +$.83

  14.  
  15. #440

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    Default Re: PessOptimist's Account Talk

    Hey! Guess what! A year older than my Dad!
    John Wayne was born on May 26, 1907.


    https://dailycaller.com/2019/05/25/john-wayne-birthday-instagram/
    07/02/2020
    LS CRUDE Oil
    =$48.65 a Barrel, Daily Status +$.83

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  17. #441

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    Default Re: PessOptimist's Account Talk

    I have been watching the stock funds rise this year and wondered if moving 100% G on 2/15 was a good idea after all. On that day I had about 17% in C, the rest G. Thinking about the alpo retirement predictions for those who move to G fund. Especially now G is paying 2.25%.
    I was discussing financial things with SO yesterday and mentioned this. She asked how much gain I missed. So I figured it out and if I had left it alone we would be about $7k richer today. SO aka SWMBO said leave it in the G fund.

    PO


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  19. #442

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    Default Re: PessOptimist's Account Talk

    G Fund facts.pdfI have been invested 100% G Fund since February. I have missed a lot of gains in all equity funds. Doing some research on the G fund I find it is a “special” US Treasury security fund based on return rates of the weighted average yield of all outstanding Treasury notes and bonds with 4 or more years to maturity. The fact sheet says there are no transaction costs but administrative costs of $.40 per $1k of balance.

    The fact sheet also states G fund is “without any risk of loss of principal”. I will attach the TSP pdf file explaining all this.

    My question that is not explained is if the fed keeps dropping interest rates which has a bearing on the 137 or so US Treasury securities weighted average which G fund is based on, how low can it go? Could it go to 0%? Will my G fund monies then be earning less than a savings account? Will savings, money market or IRS accounts start paying 0%?

    Replies from all encouraged.

    PO

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  21. #443

    Default Re: PessOptimist's Account Talk

    I wouldn't expect the rates to go below where they were after the last economic downturn. The lowest year since then was 2012 when the G Fund earned 1.47%. The monthly return for September of that year was 0.10%. While that isn't great, it's a lot better than what your savings accounts were paying. It's also not 0% even though it still feels like it.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

  22.  
  23. #444

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    Default Re: PessOptimist's Account Talk

    Back in the late 80's and early 90's the "G" fund was averaging above 8%.
    Attached Files Attached Files
    May the force be with us.

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