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Thread: My retirement journey

  1. #61

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    Default Re: My retirement journey

    Quote Originally Posted by James48843 View Post
    Hmmmm.

    Well, I retired on August 31. I only worked one day in that pay period, so when I got paid on Sept 22, there was one days pay, less normal deductions, which ended up being $179 in the hole. The next payday cake and went- I was able to log in and see it was a no pay earned, nothing taken out, leave balance still showing 155 hours of annual. That was as of October 5.

    Today I just logged in to employee express, and it shows that I am (or should be) getting my lump sum payment this paycheck ( 3rd paycheck period since retiring.).

    I hope it shows up on Tuesday- which would have been my normal payday. That would be great. It means I wonít have to touch my TSP before at least next year, which is the plan.

    I still hope to tweak the TSP account to over a million bucks. That was the goal I set 25 years ago- and Iím over 900k now, so even just growth can get me there. Cross my fingers, anyway.

    I should have stayed working another year, but this whole Covid thing just got me to a place where I needed to go now.




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    Shoulda, woulda, coulda, when you decide itís time to go, its time to go. Try to enjoy. Probably still feels like you are on AL. 😊

    Iím glad you can still log in to employee express. My HR service was gone the day after I retired since I could only log in from a .gov domain which was also gone when I left for the day. I tried it when I got home just for fun. IT was right on top of that OPSEC concern.

    Isnít it sad to see you were working more than one day to pay the deductions?

    I hope you get that leave payout on Tuesday. Did you get your SOL CSA number yet?

    PO

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  3. #62

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    Default My retirement journey

    Quote Originally Posted by PessOptimist View Post

    I hope you get that leave payout on Tuesday. Did you get your SOL CSA number yet?

    PO
    Good news: Got the leave payout.

    Not so good news:
    Still no SOL CSA number.

    I guess that means Iím still SOL. ☔️


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  5. #63

    Default Re: My retirement journey

    Patience my friend you are a retired person now! LOL


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  7. #64

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    Default Re: My retirement journey

    What a ďwonderfulĒ day.

    So today I get an email message from DONNA at OPM.

    She has been assigned as my person.

    And she has rejected my retirement application, because I have signed my application with an electronic signature rather than in blue ink. Apparently OPM didnít get the message that people are only sighing electronically now, due to Covid. (At least at my former agency, because I asked that very question in AUGUST and was told to sign electronically using my PIV card. )


    Oh, and she attached a letter to my email, explaining that she is mailing the attacked hard copy to my home address, in case I donít get this email.

    Except the letter she attached is NOT addressed to me. Itís addressed to a woman in El Paso, Texas; it gives that womanís CAS number and home address, and that she signed electronically as well.


    So- is this why they called it ďSOLĒ?

    Note: October 26, and I still have NO CAS Number, after receiving a password on October 7, and being told that I should have an additional mailing In a few days. And I have called TWICE now asking, and each time the person has said I should get it in the mail any time now.


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  9. #65

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    Default Re: My retirement journey

    James, Sorry you are having such a hard time. Hope this doesn't sour retirement.thumbnail[10].jpg
    May the force be with us.

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  11. #66

    Default Re: My retirement journey

    Unbelievable! Sorry to hear that James.
    Tom
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  13. #67

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    Default Re: My retirement journey

    Note to previous self-

    If I had it to do all over again, I would have INCREASED the share I had going into ROTH.

    Although Roth TSP started in 2012, I did not start contributing into the Roth side until 2014. The rules are- in order to gain maximum tax benefit in the Roth, you have to contribute at least 5 years before retiring. I did, but only a couple of percent, so that it would be legal.

    I wish now that I had split my contribution to the TSP, 50% to regular, and 50% to Roth, starting as soon as I was able.

    Today, I was thinking about buying a duplex as a rental. If I paid cash for it, I would have to draw froM my taxable side, as I donít have enough in ROTH to cover all the costs. If I had split the TSP allotment I was saving (was at 11% regular, and 2% Roth), I would be in a much more flexible position today.

    Live and learn.

    To the younger me- save into TSP the max, but split it 50/50. You will thank me later in life.


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  15. #68

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    Default Re: My retirement journey

    Darnit James! I had no problem with mine but that was about 11 years ago, I do remember it was a BIG pain in the roskinoski!.
    Last edited by nnuut; 10-26-2020 at 10:20 PM.
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  17. #69

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    Default Re: My retirement journey

    James, Did you get everything straightened out yet? Can you even access TSP if OPM hasn't accepted your retirement?

    I agree with you on Roth contributions...for those just starting out at lower salary, I'd recommend 100% Roth.

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  19. #70

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    Default My retirement journey

    Quote Originally Posted by evilanne View Post
    James, Did you get everything straightened out yet? Can you even access TSP if OPM hasn't accepted your retirement?

    I agree with you on Roth contributions...for those just starting out at lower salary, I'd recommend 100% Roth.
    1. I finally received my account number, was able to log in, but all I have gotten so far is the first monthly payment of the interim FERS. I got my leave payout finally. Thatís going to be enough to carry me ( I think) until the final determination on my retirement pay. Iím hoping it wonít be too much longer, but I also just read that September retirements jumped from 6400 to 8500 . Must be a lot of folks like me bailing out right now.

    2. Anywayó yes, I likely have access to withdraw TSP now, but Iím going to hold off as long as I can. I always dreamed if being a millionaire sone day, and Iím less than 10% below that goal . Hope to hit it within 12 months just on savings and hitting the right moves. Fingers crossed.


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  21. #71

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    Default Re: My retirement journey

    Quote Originally Posted by James48843 View Post
    1. I finally received my account number, was able to log in, but all I have gotten so far is the first monthly payment of the interim FERS. I got my leave payout finally. Thatís going to be enough to carry me ( I think) until the final determination on my retirement pay. Iím hoping it wonít be too much longer, but I also just read that September retirements jumped from 6400 to 8500 . Must be a lot of folks like me bailing out right now.

    2. Anywayó yes, I likely have access to withdraw TSP now, but Iím going to hold off as long as I can. I always dreamed if being a millionaire sone day, and Iím less than 10% below that goal . Hope to hit it within 12 months just on savings and hitting the right moves. Fingers crossed.


    Sent from my iPhone using TSP Talk Forums
    That has a nice tone to it, "I'm a millionaire".
    Unless I hit the lottery I won't be able to say "I'm a millionaire". Between my wife's 401K and my TSP we can say we are 3/4 of a millionaire.
    May the force be with us.

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