Pre-Retirement Planning

Managing your TSP and alternate investment options after retirement or separation from service.

Moderator: Aitrus

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galveston1
Posts: 148
Joined: Tue Aug 16, 2016 5:29 pm

Re: Pre-Retirement Planning

Post by galveston1 »

spooner4 that's what I was hoping to hear. Thanks. I think it makes more sense to be in Florida while house hunting. And the other concerns I had are easily worked around.
In investing, what is comfortable is rarely profitable

TheWall
Posts: 10
Joined: Mon Jan 30, 2017 10:18 pm

Re: Pre-Retirement Planning

Post by TheWall »

Miketurk wrote:How much sick leave do you have saved up? Is it enough to burn while you house hunt and close in Florida, or do you plan on just selling it back?


You can't sell sick leave.

Snoopy
Posts: 10
Joined: Fri May 05, 2017 10:00 pm

Re: Pre-Retirement Planning

Post by Snoopy »

Good luck in Florida.

omoade
Posts: 10
Joined: Fri Jan 02, 2015 10:13 am

Re: Pre-Retirement Planning

Post by omoade »

spooner4 wrote:No problems with banks, since retired 13 yrs ago, purchased a Condo and 2 Homes in Florida, also purchased a home in New England, life is good..



I guess that would depend on the person - apparently, took time to lay the foundation for your situation, such as watching your credit history, having enough savings, etc.

omoade
Posts: 10
Joined: Fri Jan 02, 2015 10:13 am

Re: Pre-Retirement Planning

Post by omoade »

TheWall wrote:
Miketurk wrote:How much sick leave do you have saved up? Is it enough to burn while you house hunt and close in Florida, or do you plan on just selling it back?


You can't sell sick leave.



Can you take sick leave for anything other than being sick?

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evilanne
Posts: 1886
Joined: Thu May 14, 2015 6:52 pm

Re: Pre-Retirement Planning

Post by evilanne »

Sick leave can be used if you are sick, for doctor/dental appointments, care for sick family member, adoption or bereavement. For retirement purposes, your sick leave hours converts to additional time (174 hours = 1 month) in your calculation. It is calculated based on days but in the final calculation based on when you started work, retirement date and unused sick leave, it is based on full months or 30 day increments.

ValleyGirl
Posts: 11
Joined: Fri Jan 06, 2017 2:13 pm

Re: Pre-Retirement Planning

Post by ValleyGirl »

omoade wrote:
TheWall wrote:
Miketurk wrote:How much sick leave do you have saved up? Is it enough to burn while you house hunt and close in Florida, or do you plan on just selling it back?


You can't sell sick leave.



Can you take sick leave for anything other than being sick?


I know some people who do.

Scorpio70
Posts: 432
Joined: Thu Dec 24, 2015 11:49 am

Re: Pre-Retirement Planning

Post by Scorpio70 »

Florida huh....Hurricanes, Tornados, Heat, Humidity, Bugs, Criminals preying on elderly, What's not to like? Seriously, having grown up in New York, and Florida I can see the appeal of moving down there to most people. I personally like Tennessee.

crondanet5
Posts: 4324
Joined: Tue Aug 19, 2008 8:51 pm

Re: Pre-Retirement Planning

Post by crondanet5 »

Any health issues to be concerned about?

mindofmush
Posts: 353
Joined: Mon Jul 02, 2012 1:38 pm

Re: Pre-Retirement Planning

Post by mindofmush »

Check out this link

http://www.myfederalretirement.com/publ ... 8-2019.cfm

for the HOW & WHY of maximizing your lump sum payment of annual leave. Even if you're retiring beyond 2019, there is lots of info for choosing a good date to maximize your benefits, including sick leave, for whatever year you plan to retire.
mo meng, mo ching (which loosely means: no money, no life)

Saipan
Posts: 5
Joined: Sat Mar 11, 2017 12:09 am

Re: Pre-Retirement Planning

Post by Saipan »

mindofmush wrote:Check out this link

http://www.myfederalretirement.com/publ ... 8-2019.cfm

for the HOW & WHY of maximizing your lump sum payment of annual leave. Even if you're retiring beyond 2019, there is lots of info for choosing a good date to maximize your benefits, including sick leave, for whatever year you plan to retire.


Good info. Thanks.

sunnylee
Posts: 7
Joined: Sat Apr 01, 2017 8:56 am

Re: Pre-Retirement Planning

Post by sunnylee »

Scorpio70 wrote:Florida huh....Hurricanes, Tornados, Heat, Humidity, Bugs, Criminals preying on elderly, What's not to like? Seriously, having grown up in New York, and Florida I can see the appeal of moving down there to most people. I personally like Tennessee.


I'm sure we could name e few dozen undesirable aspects for any region of the country based on one's personality or desires.

crondanet5
Posts: 4324
Joined: Tue Aug 19, 2008 8:51 pm

Re: Pre-Retirement Planning

Post by crondanet5 »

I know everything looks good retiring at age 62, but have you considered long term health care? 50% of retirees will need help sometime according to the CNBC.com article I just read. They discuss a different form of life insurance called hybrid insurance. You put a hundred thousand in now and withdraw as needed for health care, the rest apparently is returned as a death benefit. Might be something to look into.

crondanet5
Posts: 4324
Joined: Tue Aug 19, 2008 8:51 pm

Re: Pre-Retirement Planning

Post by crondanet5 »

Looks like comments are drying up. A while back when I was preparing to retire from the military I did a morbidity study of military deaths to determine how much life insurance I needed to support widow and 4 kids. Then a while after that I got interested in morbidity in my area. There was a local paper that provided male/female and age at death and it seemed like everyone wanted their obituary in the paper. So I tabulated data. Males have some hurdles in mid 40s mid 50s and mid 60s. I suspect coronary, cancer, other health issues in those age groups. Then things got busy 71-74. A lot of people die despite statisticians say more people are living into their 90s. Thoughts for you: find a good physician who orders a lot of bloodwork. Look for markers in the blood for any abnormalities. Manage your weight, alcohol and smoking. And I suggest a paleo diet. Wholefoods has a white sweet potato that is absolutely delicious. Two green vegetables. That sort of thing. Push your doctor to maintain your kidneys and liver. And if you have a bucket list prioritize it so you do the things most distantly mobile first in case your mobility drops. And I strongly support your decision at what age to retire. Figure out how to pay for Medicare until you apply for social security and it is an automatic withdrawal. If you can, take your current health care into retirement for the both of you and do not drop it when Medicare starts. You'd be surprised the cost of prescription copays without a secondary form of insurance.

tmj500
Posts: 3
Joined: Fri Jun 16, 2017 1:11 pm

Re: Pre-Retirement Planning

Post by tmj500 »

Many overlook LTC. It can be very costly.

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Fund Prices2021-04-16

FundPriceDayYTD
G $16.56 0.00% 0.34%
F $20.66 -0.21% -2.53%
C $62.57 0.36% 11.92%
S $83.28 -0.04% 12.24%
I $38.19 0.63% 7.92%
L2065 $13.71 0.39% 10.49%
L2060 $13.71 0.39% 10.49%
L2055 $13.71 0.39% 10.49%
L2050 $27.99 0.31% 8.45%
L2045 $12.79 0.29% 7.92%
L2040 $46.72 0.27% 7.42%
L2035 $12.36 0.25% 6.82%
L2030 $41.20 0.23% 6.25%
L2025 $11.71 0.18% 4.93%
Linc $22.82 0.08% 2.45%

Pending Allocations

Under development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".

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