retiredjg wrote:Lots of moving parts here. Some questions...
1) It sounds like you are not taking any money from the nest egg (TSP and soon to be Vanguard accounts) right now. Is that correct?
*We haven't touched our nest egg yet...but VERY soon will.
*Total in Vanguard by the end of the week will be $370k.
*Total in TSP is $426k.
*Of the money in Vanguard... $19k we are cashing in now to pay for septic and to bump up our cash.
*Currently have $17k in our checking account.
*We have CD's etc coming due over the next 2.5 years. This will keep us in cash for the next 4 years. This money totals approx $55K.
*Probably spending an extra $1500 a month over what is coming in with pension and soon to be SS Supplement.
2) You are looking for a way to spend $3,500 to $4,000 a month. Do you mean now? Does that include the money going to taxes and health insurance? Does this include the pension or is all that money coming from the nest egg?
*$3500-$4000 a month is what we wish to be able to spend IF we wish....likely average less than that. This includes pension, SS supplement AND money pulled from nest egg. Health insurance/taxes already taken out of pension($962 is money in my pocket).
I'm just confused. But I don't think you are going to run out of money.
So.....starting in 2015 we will need to pull around $15,000 a year out of our Vanguard/TSP accounts.
F4mandolin wrote:If you take the $313k and add the money from the bonds coming due over the next couple of years......you are around $370k. My last EJones statement said I had $372k total....won't know EXACTLY what the total is to be carried over until the end of the week when it shows up in my Vanguard account. The bonds etc are all moved over from EJones.
From now through about 2017 I will be using the money from the bonds/cd's/cash that you see.
Calm Man wrote:What is a social security supplement from age 55-62?
F4mandolin wrote:Thanks for the info....need to read through it again since I just got back from golfing.....having a beer is a priority at the moment. Just a point though....I shouldn't be in the 25% bracket since I file jointly with my wife. I think the limit on flipping from 15% to 25% is $72,500.....unless I am looking at that wrong.
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