Page 2 of 22 FirstFirst 123412 ... LastLast
Results 13 to 24 of 259

Thread: nasa1974's retirement story

  1. #13

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    I get home from work yesterday and I have an envelope from OPM. I'm thinking what the heck is this all about. Nothing important. They wanted to know if I would like to join the Federal Long Term Care Insurance Program. Sheesh!! Junk mail already.
    May the force be with us.

  2.  
  3. #14

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Stopped in and talked to my wife's financial advisor at Edward Jones. Just wanted to get some advantages/disadvantages of staying in TSP or rolling over to an IRA/401/whatever. I haven't figured out which way I am going to go yet. I still have some research to do but if I had to decide today I would probably roll my TSP over to something on the outside. If our TSP had 3 -4 monthly IFT's and a trading deadline closer to 4pm eastern I would stay in the TSP no question. I will show the difference between the two later.
    May the force be with us.

  4.  
  5. #15

    Default Re: nasa1974's retirement story

    Be careful that they don't try to sell you anything. Some of these "FA's" are blood sucking leaches.
    CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017

  6.  
  7. #16

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Quote Originally Posted by MrJohnRoss View Post
    Be careful that they don't try to sell you anything. Some of these "FA's" are blood sucking leaches.

    I hear you. This guy is pretty cool. If I go this route I would get a mix of funds similar to my wifes. So much in International funds, Financial and American. I'm pretty sure she is in 5 different funds. We talked about how I could keep some control over my accounts but I would have to go through him to make any changes vs. online with TSP. So much per transaction or set it up and pay a yearly %. But I'm talking to the choir director, right?
    May the force be with us.

  8.  
  9. #17

    Default Re: nasa1974's retirement story

    Yeah, what if you just put it in a Schwab/Fidelity/E-Trade etc account. That way you don't have to ask permission for a trade. You could just do it yourself.

    That's just my take, tho. If you're comfortable with it, then who am I to say what is best for you. I'm just too bullheaded independent.
    CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017

  10.  
  11. #18

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Quote Originally Posted by MrJohnRoss View Post
    Yeah, what if you just put it in a Schwab/Fidelity/E-Trade etc account. That way you don't have to ask permission for a trade. You could just do it yourself.

    That's just my take, tho. If you're comfortable with it, then who am I to say what is best for you. I'm just too bullheaded independent.
    Something like that would be an option. But I have a good chance of picking up a nice maintenance position after I retire with a large shopping mall and I wouldn't have the daily opportunity to watch my accounts.
    May the force be with us.


  12.  
  13. #19

    Default Re: nasa1974's retirement story

    Good luck old timer..I went after 36 years at age 55 ..I couldn't see working for a $1.75 anymore..So I pulled the CSRS plug and now working as a private contractor, which has doubled my take home per month with my retirement pay...Livin' the dream baby!

    PS: I rolled my TSP balance into a nice IRA and making consistantly 5% to 9% without all the headaches of IFTs.
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

  14.  
  15. #20

    Default Re: nasa1974's retirement story

    Quote Originally Posted by nasa1974 View Post
    I hear you. This guy is pretty cool. If I go this route I would get a mix of funds similar to my wifes. So much in International funds, Financial and American. I'm pretty sure she is in 5 different funds. We talked about how I could keep some control over my accounts but I would have to go through him to make any changes vs. online with TSP. So much per transaction or set it up and pay a yearly %. But I'm talking to the choir director, right?

    Sounds like diversification. I am a member of AAII (American Association of Independent Investors). They have recommended mixes (Conservative, moderate, Agressive) and they track and recommend funds based upon performance. When I retire one option I am looking at is rolling my money in an IRA at Schwab, diversifiying with their strategy, and be a buy and holder. I think I could still take out 72T distributions? I'll have to ask when I get closer.

    Nasa1974, I am interested in following your thread to see how your rollover/Post TSP works.
    Last edited by Kaufmanrider; 03-21-2012 at 05:46 AM. Reason: Typo

  16.  
  17. #21

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Buster, Kaufmanrider, Thanks. I think the biggest reason I am looking at rolling over to an IRA is that I don't have to watch the market on a day to day basis. Also if I have a little money left over I can toss it into the IRA were I wouldn't have that option in TSP. Being CSRS I don't look at my TSP as being a requirement of my retirement package. So I can be a little more agressive if I want to. I hope to keep my information as current as possible to allow others to make choices.
    May the force be with us.

  18.  
  19. #22

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Got a phone call yesterday from my HR person. Real nice lady. Anyway, she says that my retirement papers arrived and everything looked good, buuuuttttt! It's like, Oh! Great! where did I screw up or what did I forget to mail. Nothing so dramatic. She tells me that OPM has just changed Form SF2818, Continuation of Life Insurance Coverage (FEGLI). The new form only requires one signature instead of the four signatures on the old form. Of course NSSC can't use the old form that I just sent them and I have to download the new form, fill it out, print it and mail it to them as soon as possible. Let the games begin.


    41 calendar days.
    May the force be with us.

  20.  
  21. #23

    Default Re: nasa1974's retirement story

    Quote Originally Posted by nasa1974 View Post
    ... I think the biggest reason I am looking at rolling over to an IRA is that I don't have to watch the market on a day to day basis. Also if I have a little money left over I can toss it into the IRA were I wouldn't have that option in TSP. Being CSRS I don't look at my TSP as being a requirement of my retirement package. So I can be a little more agressive if I want to....
    I just saw that you're pulling the pin. Congrats! The worst retired day you have will be as good as your best day working. [wink]

    I pulled my TSP $ out and put it into an IRA. I really miss having the option of the G Fund but being able to use stops and all the other advantages are great! The only time I regretted the choice was when I figured out my taxes. Yuck.

    Good luck and I hope your paperwork goes through speedily!
    "When asked if my cup is half full or half empty, my only response is that I am thankful I have a cup." -Sam Lefkowitz

  22.  
  23. #24

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,151

    Default Re: nasa1974's retirement story

    Quote Originally Posted by Steel_Magnolia View Post
    I just saw that you're pulling the pin. Congrats! The worst retired day you have will be as good as your best day working. [wink]

    I pulled my TSP $ out and put it into an IRA. I really miss having the option of the G Fund but being able to use stops and all the other advantages are great! The only time I regretted the choice was when I figured out my taxes. Yuck.

    Good luck and I hope your paperwork goes through speedily!
    Thanks Ann.
    May the force be with us.

  24.  
Page 2 of 22 FirstFirst 123412 ... 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
  •  
S&P500 (C Fund) (delayed)
nasa1974's retirement story
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
nasa1974's retirement story
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
nasa1974's retirement story
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
nasa1974's retirement story
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes