Interesting market. I should have left 10-20% in equities since I retired at the end of last year. That would give me between 1 and 2% more gain this year. That would offset what I have had to withdraw. Prudence told me to leave it in G since you don’t need to withdraw anything this year. Prudence isn’t always right and can be a PITA sometimes.
The SO needed additional back surgery and the place that seemed best/she chose was in California. We had to get her there and back and incidentally pay for lodging costs for her when she wasn’t in the hospital and me the whole time. Lodging is not cheap in the San Francisco bay area. I did manage a few nights in a Navy Lodge but mostly in extended stay motels. Not to mention $4 per gallon gas.
To cover these expenses, I began withdrawing a sum each month from my TSP. I may adjust that later but for now all the bills aren’t in. Now I am wondering how gutsy I should be about putting money back in equities.
The surgery went very well and she is recovering nicely. (easy for me to say) We have to go back for a follow up visit in December which will be more costs this calendar year.
The temptation exists to move a large amount of the TSP balance in to equities for a short while and then back to safety. Any idiot ought to be able to earn 1% more this year, right?
I am not just any idiot but a complete idiot about investing it seems. Picking the time for this move would probably not work out.
Good luck everyone in your investment decisions.
PO
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