-------- Original message --------
From: "Bill Holzworth holzworth.bill@gmail.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com>
Date: 04/16/2016 12:57 PM (GMT-05:00)
To: TSP_Strategy@yahoogroups.com
Subject: Re: [TSP_Strategy] Cover Your Assets
Your Social Security Supplement could be a major portion of your retirement. I have included some tidbits from a guide I use for your information.
OPM will calculate the RAS with their own complicated method, but this estimate will get you very close. For many folks, the amount they receive ends up being around $11,000 - $13,000 annually, but you can perform your own estimate using your annual statement from the SSA. For example, if you retire under FERS with 25 years of service, your RAS would be approximately 25/40ths of your computed SSA benefit at age 62, as listed on your statement.
Hopefully, running through a calculation example will be helpful. Let's calculate my estimated RAS using my retirement date of December 13, 2013. I had 21 years and 3 months of service credit. Since OPM only uses whole years of service in the RAS Calculation; I used 21 years. The next step is to divide my years of service by 40, or 21/40 = 52.50%. When you are estimating service years, do not include unused sick leave.
The next step is to login to the Social Security Administration's website and print out a copy of your benefit statement. My 2013 benefit statement shows my expected benefit at age 62 is $1,781 a month. 52.50% of $1,781 is $935 per month. This is by no means intended to be a calculation tool; this is a tool for estimating your RAS benefit. Generally, this method will get you within $100 a month above or below your actual monthly RAS. My actual OPM-awarded RAS is $940 per month, a difference of only $5 using this tool. Once computed and awarded by OPM, the dollar amount of the RAS will never change.
Why would eliminating the Social Security supplement for FERS retirees, make it financially impossible to retire until at least age 62? I wouldn't think that would be that big a dealFrom: "sarah_oz@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com>
To: "TSP Strategy" <TSP_Strategy@yahoogroups.com>
Sent: Friday, April 15, 2016 6:32:31 AM
Subject: [TSP_Strategy] Cover Your AssetsSummer warning: Protect your skin, especially cover your assets
By Mike Causey | @mcauseyWFED
April 15, 2016 1:00 am
It will soon be summertime in an election year. That's a red zone for members of the federal family. Long-time feds know that some of the catch-up exercises that Congress plays in presidential years are a time of maximum danger for active and retired G-men and women. Everything from federal pay and pensions to new work rules and investment options may be on the table. And ready to be sliced and diced. So what's on the chopping block?
- Two proposed MAJOR changes in the FERS retirement program.
- A cut in the interest rate of G-fund where about half of all federal-postal-retiree Thrift Savings Plan investors have their retirement nest egg parked.
- Eliminating the Social Security supplement for FERS retirees, making it financially impo
Posted by: joebag21 <joebag21@yahoo.com>
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