Search found 412 matches

by MichDad
Sat Jun 08, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

SquawkIdent, You make a good point. After participants transfer assets from the TSP to an IRA or a Roth IRA, there's no need for further spousal approval to move or spend funds (from the IRAs). The limitations remaining on TSP withdrawals after this proposed modest improvement are indeed frustrating...
by MichDad
Sat Jun 08, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

I don't see why there cannot be a form for the spouse to sign that, until superseded by the spouse, the spouse agrees to waive all approval requirements. The spouse can still be notified when withdrawal options or installment payment amounts are changed. Thus, there would be a hopefully one-time sp...
by MichDad
Sat Jun 08, 2019 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

The Federal Retirement Thrift Investment Board has just published its proposed rules on "Additional Withdrawal Options" for the Thrift Savings Plan. Public comments are due on or before August 9, 2019. I haven't read them yet but I will in the next couple of days. Among the things I'll be looking fo...
by MichDad
Fri Jun 07, 2019 3:04 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 37
Views: 2410

Re: How is Merrill Edge?

My wife and I both earned nice bonuses last year when we moved Roth accounts over to ME. We're both Platinum Rewards customers. Also, we're pretty much buy and hold investors so we have little to no need for free trades. We've earned thousands of dollars in cash back with their Premium Rewards credi...
by MichDad
Mon Jun 03, 2019 2:57 am
Forum: Investing - Theory, News & General
Topic: G fund
Replies: 19
Views: 3030

Re: G fund

cresive wrote:
Sun Jun 02, 2019 7:39 pm
I hadn't heard about the liberalized withdrawal. What is that?

Ben
Cresive,

Here's a link to the fact sheet published by the folks who run the TSP:

https://www.tsp.gov/PDF/formspubs/tspfs10.pdf

MichDad
by MichDad
Thu May 30, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: G fund
Replies: 19
Views: 3030

Re: G fund

Cresive, I'm currently doing something similar to what you're contemplating, albeit on a bigger scale and over a longer time horizon. I'm a retired federal employee, age 63, with a TSP balance of over $1.8 million. Of that, I've got almost $1.1 million in the G Fund. I'm not touching my TSP account ...
by MichDad
Thu May 30, 2019 5:04 am
Forum: Personal Investments
Topic: TSP
Replies: 17
Views: 2205

Re: TSP

Welcome to the Forum, Mastied. It's very difficult to provide useful advice without a more complete picture of your (and, if applicable, your spouse's) overall financial situation. Please follow the link that NxNW sent you. As a retired federal employee, I assume you're also receiving a FERS pension...
by MichDad
Thu May 09, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

The Federal Retirement Thrift Investment Board has posted its March 2019 meeting minutes. The timeline for the "Additional Withdrawals Project" continues to be on track for going live on September 16th, with the public comment period set to commence on June 7th, less than one month from now. Mark yo...
by MichDad
Tue Apr 30, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5202

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

Hi Capitalhockey, I'm sorry if this seems rude, but I'm not comfortable providing potentially identifying information on Bogleheads.org. Through my many posts, I've put a lot of personal financial information on the site and I feel that if I respond directly to your question about the country we liv...
by MichDad
Mon Apr 29, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 9422

Re: WSJ--How Schwab Ate Wall Street

Decades ago, I began investing at T. Rowe Price. When I found their commissions and fees to be too high, I migrated over to Vanguard. Over the past year, I've been moving towards Schwab and Merrill Edge, drawn by bonuses, low fees, and excellent service. In fact, I've found that the service I'm rece...
by MichDad
Sun Apr 28, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5202

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

My wife and I spent years planning for living abroad and executed that plan last year, after I retired. We own a mortgage-free house in a HCOL part of the USA. Several months before I retired, we informed the tenants in our basement apartment that they had six months to find another place to live. A...
by MichDad
Thu Apr 18, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2778

Re: Insurance Advice after bicycle accident

I wish your wife a speedy and full recovery. 1. I concur wholeheartedly that you should not share any information about the accident because your posts may be discoverable in litigation. 2. Yes, absolutely, quickly consult (and likely retain) an attorney licensed in the state where the accident occu...
by MichDad
Wed Apr 17, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Health Savings Account Contributions
Replies: 4
Views: 381

Re: Medicare and Health Savings Account Contributions

Chris, Thank you for your post. I'm also with GEHA. I'm not a big fan of HSA Bank but I've kept the minimum $5,000 with them for both my and my wife's HSA accounts to avoid fees. I invest the remainder with TD Ameritrade and am satisfied with that part of our HSAs. I figure I'll just stick with HSA ...
by MichDad
Wed Apr 17, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Health Savings Account Contributions
Replies: 4
Views: 381

Re: Medicare and Health Savings Account Contributions

When you state you are making maximum HSA contributions and your employer is also making contributions. Do you really mean you are contributing the maximum limit - your employer contributions. If not, you are making excess contributions. No, I mean that, in combination, I and my health plan are mak...
by MichDad
Wed Apr 17, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Health Savings Account Contributions
Replies: 4
Views: 381

Medicare and Health Savings Account Contributions

My wife and I are retired and remain in relatively good health. For 2019 and the previous two years, I’ve been enrolled in a High Deductible Health Plan and have been making maximum contributions (including catch-up contributions) into my and my wife’s respective Health Savings Accounts. My health p...
by MichDad
Sun Apr 14, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

In-plan Roth conversions won’t be part of the proposed changes but this will be an excellent opportunity for us to let the FRTIB know how important this is to TSP participants.

MichDad
by MichDad
Sun Apr 14, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

According to their February 2019 minutes, the Federal Retirement Thrift Investment Board remains on target to implement expanded withdrawal options on September 15, 2019. Here's a link to the Board's minutes, where this topic is discussed on pages 6-7: MichDad, I am grateful for your updates. I sho...
by MichDad
Sat Apr 13, 2019 1:53 am
Forum: Personal Investments
Topic: Roth TSP vs. Regular TSP?
Replies: 14
Views: 1335

Re: Roth TSP vs. Regular TSP?

I retired just over one year ago from federal service with over $1.8 million in the TSP and a $60,000 per year FERS pension after taking the reduction to account for the spousal benefit. From 1987 to 2012, I had no choice but to invest in the regular TSP. Beginning in May 2012, the Roth TSP became a...
by MichDad
Fri Apr 12, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

According to their February 2019 minutes, the Federal Retirement Thrift Investment Board remains on target to implement expanded withdrawal options on September 15, 2019. Here's a link to the Board's minutes, where this topic is discussed on pages 6-7: https://www.frtib.gov/MeetingMinutes/2019/2019F...
by MichDad
Fri Mar 22, 2019 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 172
Views: 19878

Re: Why should FEHB members buy Medicare Part B?

This is a very important thread and I thank all who have shared their experiences and thoughts. I'm 63 years old so I'll need to make this decision in the not-too-distant future. At present, my wife and I live and travel abroad more than eight months each year. Medicare does not cover medical expens...
by MichDad
Sun Mar 03, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Best quality car - Lexus?
Replies: 56
Views: 6336

Re: Best quality car - Lexus?

This is all hearsay. My auto mechanic for over 20 years was an immigrant from Europe. He owned a repair service in Europe before coming to the USA. He was trained and only worked on VW, Skoda, Audi, Porsche, Mercedes, and BMW. In the USA, he had to expand his expertise, mostly to Japanese and USA au...
by MichDad
Thu Jan 17, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 60
Views: 6132

Re: Furloughed Fed Employee - How to make best use of time

Start a side hustle, if you like to generate some extra income. that may or may not require prior approval, depending on the agency Agree, hustles like pet sitting/walking usually don't require employers' approval or conflict checks. At my old federal agency, any and all paid work and most voluntee...
by MichDad
Wed Jan 16, 2019 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 60
Views: 6132

Re: Furloughed Fed Employee - How to make best use of time

I'm a retired federal employee who lived through several government shutdowns. My former agency had a rule that prohibited any outside employment unless it was pre-approved, in writing, by both the employee's supervisor and by the agency's ethics officer. I believe this rule included all methods for...
by MichDad
Mon Jan 07, 2019 1:50 pm
Forum: Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1636

Re: TSP vs IRA priority help

I'll plan to max the TSP as my priority, and begin 2x Roth IRAs for investing outside of index funds. I'm thinking of using my IRA for mutual funds in growth, growth and income, aggressive growth, international... (similar to Dave Ramsey's plan... is that taboo to say here?). And using my wife's IR...
by MichDad
Sat Jan 05, 2019 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

It will be interesting to see how changes monthly distributions are actually implemented . The notes mention a new TSP-95 form. Hopefully it can be on-line and e-signature rather than mail-in wet signature. And, for those who are married, hopefully it wouldn't require spousal signature and notary. ...
by MichDad
Fri Jan 04, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 304
Views: 49115

Re: Improving the TSP [for current participants]

The FRTIB's November minutes have been posted online. The status of the project to expand TSP withdrawal options was discussed. Here's a link to the Board's minutes. You can read about the withdrawal options project on pages 4-5: https://www.frtib.gov/MeetingMinutes/2018/2018Nov.pdf Attached to the ...
by MichDad
Sat Dec 29, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 25
Views: 3309

Re: Fidelity beating vanguard now? switch to Fidelity?

I've been a Vanguard customer for more than 20 years. During that time, I've had some customer service problems but none significant enough for me to stop doing all my business with them. My wife and I also have accounts with Schwab, Merrill Edge, and Fidelity. We've had better customer service with...
by MichDad
Thu Dec 27, 2018 9:26 pm
Forum: Personal Investments
Topic: 2019 Planning - Traditional and Roth in TSP/IRA
Replies: 8
Views: 575

Re: 2019 Planning - Traditional and Roth in TSP/IRA

Oliver, Other Bogleheads will know more about tax calculations than I but here are some things to consider. You wrote that your 25 years old, single, and have a gross salary of $70,000. I like the idea of trying to stay within the 12 percent tax bracket, which caps out in 2019 at $39,474, I believe....
by MichDad
Thu Dec 27, 2018 1:18 pm
Forum: Personal Investments
Topic: Additional Investments outside of TSP
Replies: 6
Views: 332

Re: Additional Investments outside of TSP

I agree with hoppy08520 that, while a Roth IRA is great, a Health Savings Account through a High Deductible Health Plan would be an even better place to start. If you didn't sign up for an HDHP for 2019, invest in a Roth IRA this year. Give serious consideration to an HDHP for 2020. I like the GEHA ...
by MichDad
Sun Dec 16, 2018 4:34 pm
Forum: Personal Investments
Topic: convert to TSP Roth or existing brokerage Roth?
Replies: 22
Views: 1532

Re: convert to TSP Roth or existing brokerage Roth?

From another thread, it also appears you can only do one partial withdrawal from your TSP plan. If you are eventually planning to move the whole account to a Traditional IRA, how/when will you do it? Will you be able to do a second conversion if you decide you want to do that next year? You may hav...
by MichDad
Wed Dec 12, 2018 3:54 pm
Forum: Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 39
Views: 3560

Re: My PenFed 5 yr CDs are maturing

I am thinking about rolling my maturing CD to a one year penfed CD at 2.8%. That's what I think too. Though I'll take $20k out to move to I Bonds. Hey, I did this also. Figure 2.8% is pretty good for a 1year CD. Francis We had some PenFed's five year CDs mature today. We put about half that money i...
by MichDad
Tue Dec 04, 2018 7:21 pm
Forum: Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 788

Re: Should I transfer from TSP to borkerage IRA?

Here's a link to a very helpful Boglehead thread on transfer bonuses given by various investment companies and banks. This thread allowed my wife and me to collect $3,200 this year with minimal effort.

viewtopic.php?f=10&t=196884

MichDad
by MichDad
Tue Dec 04, 2018 9:20 am
Forum: Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 788

Re: Should I transfer from TSP to borkerage IRA?

I’m 63 years old. While I haven’t yet decided definitely, I’m inclined to forego Medicare Part B coverage when I turn 65. My GEHA HDHP has been working fine thus far. This will allow me to continue to make large Roth conversions each year. This year, I had a lot of income but I was still able to con...
by MichDad
Mon Dec 03, 2018 8:59 pm
Forum: Personal Investments
Topic: Where to put "left over" money
Replies: 18
Views: 1967

Re: Where to put "left over" money

I'm retired now. When I was still working (until earlier this year), most of our "extra" money went into a taxable account with Vanguard -- VTSAX. This was after we fully funded our respective 401(k)s, backdoor Roth IRAs, Health Savings Account, Section 529 education accounts, and emergency fund. Ov...
by MichDad
Mon Dec 03, 2018 8:26 pm
Forum: Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 788

Re: Should I transfer from TSP to borkerage IRA?

I retired under FERS just over seven months ago with a very high TSP account balance. Most of my TSP is in the G Fund -- enough to cover all my basic and discretionary expenses, such as travel, gifts, and eating out, beyond the time I turn age 70 and begin to collect Social Security. Next September,...
by MichDad
Thu Nov 29, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: TSP Unveils Plans for Expanding Withdrawal Options
Replies: 27
Views: 2435

Re: TSP Unveils Plans for Expanding Withdrawal Options

The lack of the ability to make in-plan Roth conversions will cause me to withdraw hundreds of thousands of dollars more from the TSP next September than I would have otherwise withdrawn had they permitted in-plan Roth conversions. I don’t know why this is such a big deal. My Vanguard 401k doesn’t ...
by MichDad
Wed Nov 28, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: TSP Unveils Plans for Expanding Withdrawal Options
Replies: 27
Views: 2435

Re: TSP Unveils Plans for Expanding Withdrawal Options

Approximately three years ago, the staff of the Federal Retirement Thrift Investment Board recommended that the FRTIB allow TSP participants to make in-plan Roth conversions. About a year later, the staff backtracked and decided against Roth conversions. I asked them about this policy change and was...
by MichDad
Thu Nov 08, 2018 2:46 pm
Forum: Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1297

Re: TSP(401k?) to IRA to ROTH - questions

The FRTIB is way behind in posting its monthly minutes on its website. They still haven't posted their minutes from July, August, and September. [I'll cut them a break for October.] It's not very professional, in my opinion. Anyway, please take a look at the FRTIB's minutes from its May 30, 2018 mee...
by MichDad
Thu Nov 08, 2018 10:47 am
Forum: Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1297

Re: TSP(401k?) to IRA to ROTH - questions

I'm late to this thread but want to join the chorus. I'm a retired federal employee (FERS) with a substantial TSP balance. Here's my advice: 1. Fire your advisor. He (or she) is charging way too much. You can read up on these issues on this forum and do 90 percent of what you need to do without the ...
by MichDad
Sat Nov 03, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: TSP progress on 2-factor authentication announced
Replies: 3
Views: 639

Re: TSP progress on 2-factor authentication announced

Has anyone heard how they are progressing on rolling out the new TSP withdrawal options? I received an email from an employee at the TSP in mid to late October that the Federal Retirement Thrift Investment Board remains on track to implement its liberalized TSP withdrawal rules by September 2019. M...
by MichDad
Tue Oct 30, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 18738

Re: Why I'm 100% stocks

I started investing for retirement in 1987 at age 32, shortly after I purchased my house. For thirty years, I dollar cost averaged into a 100 percent domestic and international equities portfolio both for myself and for my wife's retirement portfolio. During this period we owned no bonds (except for...
by MichDad
Tue Oct 23, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 107489

Re: How much money do you want to retire?

Not sure - I never actually met anyone who retired truly voluntarily.... You're kidding, right? Not kidding... I don't personally know anyone who retired truly voluntarily. I'm sure they exist, but not among the retired people I actually know. The ones I know all retired because they pretty much ha...
by MichDad
Tue Oct 09, 2018 7:45 am
Forum: Personal Investments
Topic: Rolling INTO TSP? [Thrift Savings Plan]
Replies: 12
Views: 1344

Re: Rolling INTO TSP? [Thrift Savings Plan]

The much needed liberalization of the strict TSP withdrawal rules are scheduled to take effect in September 2019, eleven months from now.

MichDad
by MichDad
Sun Oct 07, 2018 11:42 am
Forum: Personal Investments
Topic: Rolling INTO TSP? [Thrift Savings Plan]
Replies: 12
Views: 1344

Re: Rolling INTO TSP?

You cannot roll Roth IRAs into the TSP.

MichDad
by MichDad
Sat Sep 29, 2018 4:54 am
Forum: Personal Investments
Topic: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?
Replies: 6
Views: 867

Re: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?

Hi Gelsomina, Welcome to the forum! I'm a recently retired federal employee with a FERS pension, a very large TSP balance, and a lot of Roth IRA savings. You're clearly doing quite well with savings and no or minimal debt. I think you could probably do quite well without paying for "professional" ad...
by MichDad
Tue Sep 18, 2018 4:58 am
Forum: Personal Investments
Topic: TSP to Roth IRA Tax Strategy (Post Retirement)
Replies: 31
Views: 2272

Re: TSP to Roth IRA Tax Strategy (Post Retirement)

The Federal Retirement Thrift Investment Board announced a few months ago that it expected to implement the liberalized withdrawal rules in September 2019, about one year from now. I’m trying to wait until then before I begin making Roth conversions from my TSP account. In the meantime, we’re making...
by MichDad
Wed Aug 29, 2018 6:18 pm
Forum: Personal Investments
Topic: TSP G fund as only bond fund
Replies: 74
Views: 8702

Re: TSP G fund as only bond fund

I'm a retired federal employee. From 1987 (when the TSP began) until 2017 (30 years), I invested only in the C, S, and I Funds (except for the 1987-88 period when federal employees were required to invest at least part of our TSP contributions into the G Fund). In 2017, in anticipation of retirement...