High 3 vs. High 5
Moderator: Aitrus
High 3 vs. High 5
Now that the idiots in Washington are once again trying to screw us by attempting to change the rules of the game, I think we need to start a petition and start calling everyone of them day and night.
-
- Posts: 10
- Joined: Mon Jan 30, 2017 10:09 pm
Re: High 3 vs. High 5
If high-5 passes and becomes law, it's gonna really s*ck.
-
- Posts: 10
- Joined: Sat Jan 28, 2017 11:37 pm
Re: High 3 vs. High 5
Miami-Dade wrote:If high-5 passes and becomes law, it's gonna really s*ck.
Long hard battle to get there. keeping my fingers crossed.
Re: High 3 vs. High 5
No faith in this government.
Re: High 3 vs. High 5
Of all the budget proposals, if the high 3 to high 5 is the only one that passes, I will be okay with that. Rather take this than lose the social security supplement.
- galveston1
- Posts: 148
- Joined: Tue Aug 16, 2016 5:29 pm
Re: High 3 vs. High 5
High 5 will have a very significant impact on a FERS annuity. I just ran some scenarios and I did not like the numbers at all.
In investing, what is comfortable is rarely profitable
Re: High 3 vs. High 5
galveston1 wrote:High 5 will have a very significant impact on a FERS annuity. I just ran some scenarios and I did not like the numbers at all.
Care to show those numbers so we get an idea?
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. - Pudd'nhead Wilson's Calendar
- galveston1
- Posts: 148
- Joined: Tue Aug 16, 2016 5:29 pm
Re: High 3 vs. High 5
I used the below FERS annuity calculator with both a high-3 and a high-5. The results vary based on your expected salary range. I was using from $98,000 up to $108,000 with $2,000 increments per year (high-5) and from $102,000 up to $108,000 per year (high-3).
http://www.fedcalc.com/fers.jsp
You can also use the EBIS calculator which is prabably more accurate.
http://www.fedcalc.com/fers.jsp
You can also use the EBIS calculator which is prabably more accurate.
In investing, what is comfortable is rarely profitable
Re: High 3 vs. High 5
Thanks. I will check it out.
-
- Posts: 108
- Joined: Thu Feb 28, 2013 2:42 pm
Re: High 3 vs. High 5
John316 wrote:Of all the budget proposals, if the high 3 to high 5 is the only one that passes, I will be okay with that. Rather take this than lose the social security supplement.
This!!! This will be huge........to the downside.
Re: High 3 vs. High 5
No worries if you can retire this year I'm expecting if they actually pass this that many eligible to retire will.
Re: High 3 vs. High 5
Buckeyedog wrote:John316 wrote:Of all the budget proposals, if the high 3 to high 5 is the only one that passes, I will be okay with that. Rather take this than lose the social security supplement.
This!!! This will be huge........to the downside.
You are correct Buckeyedog. And unlike the FERS supplement up to age 62, the change over to a high-5 calculation would affect retirees indefinitely.
-
- Posts: 108
- Joined: Thu Feb 28, 2013 2:42 pm
Re: High 3 vs. High 5
Quebec wrote:Buckeyedog wrote:John316 wrote:Of all the budget proposals, if the high 3 to high 5 is the only one that passes, I will be okay with that. Rather take this than lose the social security supplement.
This!!! This will be huge........to the downside.
You are correct Buckeyedog. And unlike the FERS supplement up to age 62, the change over to a high-5 calculation would affect retirees indefinitely.
Very true as well. Years ago we signed up for this deal and have worked many years towards it. Now they want to change the rules. Sucks all the way around.
Re: High 3 vs. High 5
Quebec wrote:Buckeyedog wrote:John316 wrote:Of all the budget proposals, if the high 3 to high 5 is the only one that passes, I will be okay with that. Rather take this than lose the social security supplement.
This!!! This will be huge........to the downside.
You are correct Buckeyedog. And unlike the FERS supplement up to age 62, the change over to a high-5 calculation would affect retirees indefinitely.
Good points. I also feel that the possible high-5 rule is far worse than losing the supplement.
“The broker said the stock was "poised to move." Silly me, I thought he meant up.”
― Randy Thurman
― Randy Thurman
Re: High 3 vs. High 5
Why should I go out and contact all of my representatives over this? Shouldn't the government be cutting spending? While congressmen tend to be pretty horrible, I don't see how this particular issue makes them all a bunch of idiots. The government does not exist to shower federal employees with never ending benefits. Our country is in trouble and changes need to be made.
"Get your money for nothin', and your chicks for free."
Following TSPCalc strategy #64902.
Following TSPCalc strategy #64902.
Fund Prices2024-04-18
Fund | Price | Day | YTD |
G | $18.19 | 0.01% | 1.27% |
F | $18.62 | -0.30% | -3.14% |
C | $78.45 | -0.21% | 5.50% |
S | $76.12 | -0.20% | -1.27% |
I | $40.67 | 0.02% | 1.21% |
L2065 | $15.58 | -0.13% | 3.04% |
L2060 | $15.58 | -0.13% | 3.04% |
L2055 | $15.58 | -0.13% | 3.04% |
L2050 | $31.35 | -0.13% | 2.44% |
L2045 | $14.32 | -0.12% | 2.35% |
L2040 | $52.37 | -0.11% | 2.29% |
L2035 | $13.85 | -0.10% | 2.21% |
L2030 | $46.21 | -0.09% | 2.15% |
L2025 | $12.93 | -0.05% | 1.72% |
Linc | $25.28 | -0.04% | 1.51% |