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Thread: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

  1. #25

    Join Date
    Jul 2016
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    Texas
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    2,274

    Default Re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

    Gross. If you only earned $6,000 and have social security, medicare & taxes withheld. You can put the whole $6K in a Roth.

  2.  
  3. #26

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

    I just met my MRA and am looking forward to getting the FERS Supplement. My understanding is that it should be automatic and should start in August. Keeping my fingers crossed that I don't need to jump through any hoops to make it happen.

    I just bought second home in a very small town in Wyoming this year...it was a repo and needs a lot of work. I was able to get some of the major items (Roof, Plumbing, Electric & HVAC) done long distance during the COVID shut down & before they lifted the 14 day self quarantine requirement. I made my first trip there last month. I loaded up a U-Haul trailer with some basic necessities and made the trip. I will be doing the same again sometime next month. It is definitely a challenge and an adventure.

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  5. #27

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,148

    Default Re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

    Quote Originally Posted by evilanne View Post
    I just met my MRA and am looking forward to getting the FERS Supplement. My understanding is that it should be automatic and should start in August. Keeping my fingers crossed that I don't need to jump through any hoops to make it happen.

    I just bought second home in a very small town in Wyoming this year...it was a repo and needs a lot of work. I was able to get some of the major items (Roof, Plumbing, Electric & HVAC) done long distance during the COVID shut down & before they lifted the 14 day self quarantine requirement. I made my first trip there last month. I loaded up a U-Haul trailer with some basic necessities and made the trip. I will be doing the same again sometime next month. It is definitely a challenge and an adventure.
    Where in Wyoming? I spent two and a half years in Cheyenne at FEW Air Force Base.
    May the force be with us.


  6.  
  7. #28

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

    It is about an hour north of Cheyenne in Platte County. I worked at FEW 2000-2005. My original intent was to move back to Cheyenne but their housing market is really crazy right now.

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  9. #29

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,274

    Default Re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options

    Just got my 1st FERS Supplement Payment this month...it included partial payment for the days in June when I reached MRA and July. The monthly amount is more than I expected...Life is good.

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