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  1. Re: How much am I allowed to earn in retirement?

    Yes, evilanne, I'm talking about the supplement. No reason to come to work for 1/2 or less what I'm getting. I'm 58 and retired mandatory at 57, so I don't believe that this affects my social...
  2. Re: How much am I allowed to earn in retirement?

    Thank you very much!

    If you have a link, I would appreciate you sharing. There are some other things I wonder.
  3. How much am I allowed to earn in retirement?

    I'm retired Federal Law Enforcement and receiving a pension. I know that I start losing money from my pension if I make over a certain amount each year. I don't want to go over the allowable limit...
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    Re: 17l threshold question

    Hello. Does anyone know how much (or where to look) the cut off is for 2022?

    thanx
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    Re: TSP penalty for withdrawl

    I have an update on the solar project (and a request for opinions) here:

    TSP Tax Question - Page 2 (tsptalk.com)
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    Re: TSP Tax Question

    Long delay here, but I wanted to wait until I got my first "all solar" bill before checking back.

    My bill was only the 12.00 for being connected to the grid. I also banked 233 KWH. These are...
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    Re: TSP penalty for withdrawl

    Thanx, PO. They do pay the federal inmates; my crew got .12 an hour :)

    I will let you guys know on the solar. If what they tells me holds true, I should see a net savings from day one of more...
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    Re: TSP penalty for withdrawl

    You misunderstood me, Bullitt.

    My issue was with the word MIGHT, meaning I might be exempt from the penalty. I'm hoping it's for sure.
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    Re: TSP penalty for withdrawl

    @ Scout. Just worried about the penalty, the tax would be eaten up by my solar credit.

    @bullitt. Install is done, I'm just waiting on the power company to put in a bi-directional meter for it to...
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    Re: TSP penalty for withdrawl

    Thank you. That list you have, Rangerray, does not actually come out and say corrections, but everything does point that way. I remember when looking up my pay, I used the LEO chart.

    Good to...
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    Re: TSP penalty for withdrawl

    Thank you both. I was a federal correctional officer. I think that is included from what I can tell; however I wanted to be 1000% sure as I'm hoping to pull a bunch of money to use up my solar...
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    TSP penalty for withdrawl

    I'm a 58 year old retired Federal Law Enforcement.

    I've heard that 59 1/2 is the cut off for penalty on withdraw.

    Does that apply to law enforcement; I've heard that it does not.

    thanx
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    Re: TSP Tax Question

    I can't get this to edit, so another post:

    p.s. Great idea Bullitt; I'm going to check with an insulation company, see if I can get an estimate - no sense leaving any stone unturned.
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    Re: TSP Tax Question

    Thank you all very much for the great input.

    First of all, sorry about the HTML code. By the time I noticed it, someone had replied, and I could no longer edit.

    A few answers here:

    First...
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    Re: Retirement contributions/tax question

    Thank you very much.

    It appears I can just ignore this, which is great news.
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    Re: TSP Tax Question

    Yes, I'm the guy :)

    Thanx for your advice. As always, you make excellent points.

    I asked the sales guy the same thing you did. The warranty is 25 years, and the parts are through the...
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    Re: Retirement contributions/tax question

    Thank you evilanne!

    I'm still confused. So a portion of this will be a tax credit (for years)?
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    TSP Tax Question

    I'm retired (since June of 2020) and have not touched my TSP. I'm guessing that my tax liability right now will be about 6k the next time I do taxes as it's just my pension and a part time job.
    ...
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    Re: My retirement journey

    Thank you Raven, that is what I was leaning towards.

    Net or Gross??
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    Retirement contributions/tax question

    I'm retired. I just got my book "Your Federal Retirement Benefits."

    I don't understand Page 12 in my book "Contributions an tax information."

    For those who don't have a book handy (likely...
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    Re: Advice please home/tsp in retirement

    A little update, if I may.

    The old home sold in September. Since then, I've made 3 payments for a total of 2256.00 interest paid on the loan. This money is tax deductible.

    The money that I...
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    Re: My retirement journey

    Hello again. Thought I would give an update. I can see that this thread is happily moving along while I have been fishing, which is great. :)

    So yesterday, I finally got my "catch-up" money....
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    17l threshold question

    I'm retired now and receiving a pension. I know that I start losing money from my pension if I make over 17k a year. I've been blessed enough to land a job where I can make my own hours; so, I can...
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    Re: Retirement Contributions - How Much?

    The max you can afford, assuming your high interest stuff like credit cards are paid off each month as well!
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    Re: Advice please home/tsp in retirement

    That was my thinking, Raven. Here is how I'm looking at it now (right or wrong):

    I could have paid it off and pocketed about 10k. Now if something comes up, let's say I need 20k for a roof, well...
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