Re: [TSPStrategy] Lower Your Taxable Income

That's one way to beat the impending hyperinflation, debt default, and monetary devaluation... On Sun, 30 May 2021 11:02:07 -0700, "Scott N" <scottnieto@gmail.com> wrote: Good Lord, it's better to just die. ...

Re: [TSPStrategy] Lower Your Taxable Income

Good Lord, it's better to just die. _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2528) | Reply To Group | Reply To Sender | Mute This Topic | New Topic Your Subscription | Contact Group Owner | Unsubscribe [prefander.leadersworkshop@blogger.com]...

Re: [TSPStrategy] Lower Your Taxable Income

If you retire , your account will be frozen after retirement date.  You are no longer able to submit claims for your  remaining fund on your account. Please make a note of it.Sent from my Galaxy-------- Original message --------From: "sarah_oz via groups.io" <sarah_oz=yahoo.com@groups.io>...

[TSPStrategy] Lower Your Taxable Income

A Mid-Year Chance to Lower Your Taxable Income By Tammy Flanagan May 27, 2021 By now, you may have been notified that during the month of June, federal employees will have another opportunity to enroll in the Federal Flexible Spending Account Program (FSAFEDS), or make midyear changes to their accounts...

Re: [TSPStrategy] Off Topic: MyPay & Medical Savings Plans

Bill- I've been retired 7 years so things have changed.  I thought the HSA (health saving account) was a tax deferred option for a high deductible health plan.  The FSAFEDS account was another option to use non-taxed funds for your out of pocket medical expense. I had an FSAFEDS account...

Re: [TSPStrategy] Off Topic: MyPay & Medical Savings Plans

@Bill,It's been awhile since I was in MyPay, but it may be that since MyPay is also for DOD (and originally was only for DOD), that FSAFEDS is not included there. Isn't FSAFEDS only for civilian federal service? And isn't it listed on the FSAFEDS site? _._,_._,_ Groups.io Links: You receive...

[TSPStrategy] Off Topic: MyPay & Medical Savings Plans

Hi All,I was just in MyPay and noticed a link for Medical Savings Plans. When I clicked it this pop-up appeared ~ No Health Savings Account data on record, please add a new account:~. I've had the FSAFEDS since open season, and I regularly get notices in my email each time I get a reimbursement. My...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

Right on Bill, no problem, I think ranting is good for the soul. Despite all the alphabet soup, excess verbiage, and clumsy bureaucracy, I (on my better days) am very grateful for the fruits of my 25 yrs of Federal service. Best of luck to ya Bill ! _._,_._,_ Groups.io Links: You receive...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

Thanks folks. Mark- I read your link for a while until my eyes glazed over- but I did indeed see that Medicare shoots us in the foot. I am amazed at the minds that concoct and write the endless torrent of government regulations- most of which, as a regular working stiff, seem to me to be mostly designed...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

I don't think so Bill. I retired in 2017, with Fed Annuity, TSP distributions, and delayed SS until 2019 (when I was 70). I remember no longer being eligible for HSA once I claimed Medicare. I find it exasperatingly complicated with all of the alphabet soup but I became convinced that Medicare ended...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

OPM says FSAs are a salary benefit and  annuities are not salary.https://www.opm.gov/FAQs/QA.aspx?fid=fd635746-de0a-4dd7-997d-b5706a0fd8d2&pid=d4d64b29-fd91-4b8b-a113-fc615f97880d&result=1On Wed, May 19, 2021, 10:58 AM bill_steele_sr via groups.io <bill_steele_sr=yahoo.com@groups.io>...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

Thanks for your reply. I'll expand my question a bit. Since Social Security, Federal Pensions, and TSP are considered income- and are taxed; is there a Medical Savings Account that allows us to put aside pre-tax dollars of retirement income? _._,_._,_ Groups.io Links: You receive all messages...

Re: [TSPStrategy] Off Topic: FSAFEDS in Retirement

I believe all those medical savings accounts uses pre-tax dollars from income. On Tuesday, May 18, 2021, 10:21:09 PM MDT, bill_steele_sr via groups.io <bill_steele_sr=yahoo.com@groups.io> wrote: ...

[TSPStrategy] Off Topic: FSAFEDS in Retirement

Can we use this program in retirement? If not this one- are there any Medical Savings Accounts that are available in retirement?Thanks _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2516) | Reply To Group | Reply To Sender | Mute This...

Re: [TSPStrategy] Milestones Towards Financial Security in Retirement

At the bottom of the table on the last page, there is an example calculation.  https://www.tsp.gov/publications/tsp-775.pdf _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2515) | Reply To Group | Reply To Sender | Mute This Topic...

Re: [TSPStrategy] Milestones Towards Financial Security in Retirement

Thank you for the reminders. Is there a formula or calculator for RMD?Sky831 262-8044On May 15, 2021, at 12:36 PM, sarah_oz via groups.io <sarah_oz=yahoo.com@groups.io> wrote:Milestones on the Path to Financial Security in Retirement By Tammy Flanagan May 13, 2021 There are lots of milestones...

[TSPStrategy] Milestones Towards Financial Security in Retirement

Milestones on the Path to Financial Security in Retirement By Tammy Flanagan May 13, 2021 There are lots of milestones in life: Getting a driver's license, voting for the first time,  buying your first beer (legally), getting married, moving to a new home and, of course, retirement. Along the...

Re: [TSPStrategy] change of asset allocation

Good points Richard. Calling a bottom is just as much a crapshoot as going back in now.  As to your point about external things (black swans, etc) causing markets to tank, I wonder how many more cyber attacks like Friday's the economy and the market can tolerate. This may be an interesting week.JohnOn...

Re: [TSPStrategy] questions on previous post: remote video session?

@Tex:  Over the years you have contributed insightful analyses of investing on this forum. I, for one, have benefited from your posts. Best of luck with your recovery from the "minor cyclone". I understand how stressful that can be. _._,_._,_ Groups.io Links: You receive all messages...

Re: [TSPStrategy] questions on previous post: remote video session?

Hi,As I said in the previous post on a new asset allocation, there were a lot of good questions, which I do not want to answer individually. All I can think of is a remote video session. I have never set one up but I believe that ZOOM costs money if we have above a specific amount. There is Google...

[TSPStrategy] Lessons Learned Growing a TSP Balance Beyond $1M

https://www.fedweek.com/tsp/lessons-learned-growing-a-tsp-balance-beyond-1m/ _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2509) | Reply To Group | Reply To Sender | Mute This Topic | New Topic Your Subscription | Contact Group Owner...

Re: [TSPStrategy] change of asset allocation

Not sure about Sara, I've following her off and on since back in the time when she was part of TSP Center. She was much more outspoken at that site. However I can tell that she does stick to her guns and when she went into S years ago she stayed firm while stimulus and low interest rates were in affect...

Re: [TSPStrategy] change of asset allocation

That sounds very reasonable. I wonder what Sara is doing/thinking. Since she hasn't provided any relevant updates since December, I first hope she's ok, and second, wonder if she is sticking by her original recommendation to stay in G because things are too volatile and not as they may seem.On May...

Re: [TSPStrategy] change of asset allocation

It really depends on your retirement time horizons and risk tolerance. If you have plenty of time before retirement, say 10 years or more it's not really that big of a risk. If the market tanks and your in it then wait it out and it will recover. And if it does tank you know the politicians will...

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Re: [TSPStrategy] change of asset allocation

Honestly, I don't know what to expect. All I know is corrections are normal occurrences and we haven't had one in a while. The October drop was the closest we came to one, but it didn't qualify.  Just saying I'll wait for the one that should come sooner or later this year.  I'm not the youngest...

Re: [TSPStrategy] change of asset allocation

@Hollis, A correction is 10% or more pullback. Do you expect a correction anytime in the near future with a stimulated and recovering economy? _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2504) | Reply To Group | Reply To Sender | Mute...

Re: [TSPStrategy] change of asset allocation

Personally, if I had stayed in stocks since December, I'd 1) be very happy I did, and 2) consider going to G right about now to catch my breath (I'm 60).  But since I've been in G like many of you, I'm just waiting for a true correction (not just a dip) to get back in.  As Powell and other...

Re: [TSPStrategy] change of asset allocation

Thanks Tex.  If you weren’t risk adverse/retired what do you think you’d suggest right now for a 100% G person?I think the main thing that I didn’t think through in December was that everything is coming out of Covid impacts and at least in the short term they’re also injecting money into the...