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Old 02-05-2014, 07:18 AM   #361
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My lump-sum annual leave was posted Monday. They took 42% in taxes out of it, ouch. My TSP Rollover was also completed on Monday. I received 150 commission free trades from Schwab over the next 6 months due to the amount. Diversification gradually is the plan.

No word from OPM yet. As I retired mid-month as a FER's my first interim should be March 1. I am hoping to hear something in the next week. I guess OPM is hit or miss. One retiree, Dec 28, has already been processed and finalized, another, Dec 31, called and found out the NFC hadn't sent his paperwork to OPM yet after 5 weeks. Both were from the same agency, mine.

I've got my fingers crossed.
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Old 02-05-2014, 05:03 PM   #362
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On my way... 3 month notice given today. Feels pretty good.
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Old 02-05-2014, 06:56 PM   #363
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On my way... 3 month notice given today. Feels pretty good.
Hi Kaufman...I retired the same day as you and my annual leave was deposited on Monday, also. I received two letters in the mail from OPM this week. One had my OPM account number, the other a pin to login into my account. You should be getting the letters any day I think. I have not heard from TSP about OPM verifying my retirement. When they do, I need to fax my paperwork to TSP start my monthly allotments. That's what my HR said to do.

It's been almost one month. And it has flown by. I am still adjusting, and I imagine you are, too. I don't miss work at all.
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Old 02-05-2014, 09:32 PM   #364
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The contingencies are now gone on our house sale. Once we finish escrow I give my 2 weeks notice and I'm out.
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Old 02-06-2014, 07:40 AM   #365
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Hi Kaufman...I retired the same day as you and my annual leave was deposited on Monday, also. I received two letters in the mail from OPM this week. It's been almost one month. And it has flown by. I am still adjusting, and I imagine you are, too. I don't miss work at all.
Work? What was that?

I think once I get notification my packet is recieved and being processed I can rest a little easier.

On TSP, I logged into my account and checked on the withdrawal button. I noticed the buttons for in service withdrawal no longer worked and the partial/full withdrawal after retirement were highlighted and worked. They were fast processing my roll-over.

I plan live within a budget based upon my monthly retirement income. Based on my agency estimates it is doable. But I really won't know until I get the final OPM numbers.

I'll look to do 72T for extra funds. I am hoping to hold off until next year.
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Old 02-06-2014, 09:47 AM   #366
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I'll look to do 72T for extra funds. I am hoping to hold off until next year.
I got the 'Payment Rights Notice' from Aon Hewitt (401k provider) telling me what my options are. Tons of fine print, but I found what I was expecting "The 10% additional income tax does not apply to ... Payments made after you separate from service if you will be at least age 55 in the year of separation". So no 72T required for me!
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Old 02-06-2014, 09:18 PM   #367
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Please add me to the class of 2014. I retired on January 17 at age 54. I was with the company for 33+ years. It was a good ride for the first 25, but the last 8 were a challenge. In the end it worked out fine and I felt appreciated. We are now living in an RV full time roaming around the country. We have a home base in Missouri, but that is just for storage and to be close to kids and grand kids for a few weeks at a time. 2 weeks in and I am a very happy man.
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Old 02-07-2014, 05:59 PM   #368
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Haven't added myself to the list yet. Don't want to jinx myself. Dividends are now comfortably higher than living expenses and will be even more so by years end.

I'd probably give my notice in September, so I still have time to chicken out. More and more I am struck at how fleeting our lives are. Certainly not long enough to be miserable at work.
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Old 02-07-2014, 06:48 PM   #369
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One more update:

1. HeatherB - 2013
2. Retire2013 - 2013
3. Ronstar - Apr-2014
4. akck - Dec 31, 2013 last day of work, Jan 1, 2014 1st day of ret.
5. Redbugdave - Jan-2014
6. sbwitte - Jan-2014
7. debster747 - Jan-2014
8. Coaster - Aug-2014
9. rodi - H - Jan-2014 - DONE!!!
10. Ozstache - 2013
11. Unpaintedhuffhines - Jan-2014
12. Cassie - Jan-2014
13. gozer - Jan-2014
14. BizzyC - Apr-2014 OMM
15. foxfirev5 - Feb-2014 ?
16. Meadbh - Mar-2014
17. nun - Mar-2014
18. brewer12345 - Jan-2014
19. Lagniappe - Apr-2014
20. Hawk50s - Apr-2014
21. jimbee - Apr-2014
22. Dakotah - May-2014
23. christian_n - Jun-2014
24. fh2000 - Jun-2014
25. FreeAtLast - Jun-2014
26. scrinch - Jun-2014
27. 02camp - Jun-2014
28. Huston55 - Jun-2014
29. FIREd - W - Jun-2014
30. jollystomper - Jun-2014
31. photoguy - Jun-2014
32. linny727 - Jun-2014
33. obgyn65 - Jun-2014
34. Nomad4hire - Jun-2014
35. powlusr - Jun-2014
36. WhoDaresWins - Jul-2014
37. Grainiac - Aug-2014
38. ER Eddie - Sep-2014
39. hakuna matata - Oct-2014
40. FLD3C - Oct-2014
41. SecondCor521 - Nov-2014
42. hakuna matata - W - Dec-2014
43. Turn_the_Page - Dec-2014 Maybe earlier in the year
44. sengsational - 2014
45. Amethyst - Jan-2014
46. Masquernom - Jun 2014 possible 2013
47. Difficultrun - Apr 2014
48. pinejake May-2014
49. bjorn2bwild - Apr-2014
50. howdidigetthisold - Dec-2014
51. Grigori - Apr-2014
52. Andre1969 - Apr-2014
53. In-control - Jun-2014 ?
54. Kaufmanrider - Jan-2014
55. Theseus - Jul-2014
56. annienz - Feb-2014 for sure
57. Nomad4hire - Jan or May-2014
58. Rena - 2014
59. Sittingduck - Mar-2014
60. poorcarver - Jan-Apr-2014
61. palomalou - May-2014
62. CherylGrrl - Jan-2014
63. Snowcat - Jun-2014
64. ChaseIt - Jan-2014
65. Tailgate - Jan-2014
66. Vudu Beer - Apr-2014
67. Vudu Beer - W - Apr-2014
68. Wds0410 - Feb-2014
69. Wds0410 - W - Feb-2014
70. Singletrack - Jan-2014
71. PRSC - Jan-2014
72. dawdmorgan - Jan-2014
73. martyb - SOMETIME in 2014
74. Dcharles - Last work day Dec 31, 2013 - Jan-2014
75. aim-high - -2014
76. Corporateburnout - Jun-2014
77. Buck2520 - Jan-2014
78. cinman2000 - July 2014
79. ragabnh - Jul-2014
80. Jackanory - Jan-2014
81. Cassie - Jan-2014
82. Doxiemama - October 14, 2014
83. Chris M - Jan-2014
84. Dog - Apr, Jun or Dec-2014
85. 6miths - Mar, Apr-2014
86. jimbo14 - Jan-2014
87. mschipa - Jan-2014
88. meperki - Jan-2014
89. campcrew - Mar-2014
90. Jgot - H - Mar-2014
91. PERSonalTime - Jan-2014
92. tbilltubbs - Apr-2014
93. ER2CR - Aug-2014
94. ktmissouri - Jan-1024
95. Tom52 - Feb-2014

Congrats to all!
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Old 02-08-2014, 07:17 AM   #370
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Haven't added myself to the list yet. Don't want to jinx myself. Dividends are now comfortably higher than living expenses and will be even more so by years end.

I'd probably give my notice in September, so I still have time to chicken out. More and more I am struck at how fleeting our lives are. Certainly not long enough to be miserable at work.
SK-

I know precisely how you feel. My mother's death last year changed my perspective on life, putting me pretty much in the place you described above.

As many here have noted for themselves, my BS bucket is full. For me, my mother's death and FI seem to have shrunk my BS bucket. So, I'm trying each day to look forward and be positive. Time is short, make the most of it.
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Old 02-09-2014, 11:27 PM   #371
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Originally Posted by Kaufmanrider View Post
My lump-sum annual leave was posted Monday. They took 42% in taxes out of it, ouch. My TSP Rollover was also completed on Monday. I received 150 commission free trades from Schwab over the next 6 months due to the amount. Diversification gradually is the plan.

No word from OPM yet. As I retired mid-month as a FER's my first interim should be March 1. I am hoping to hear something in the next week. I guess OPM is hit or miss. One retiree, Dec 28, has already been processed and finalized, another, Dec 31, called and found out the NFC hadn't sent his paperwork to OPM yet after 5 weeks. Both were from the same agency, mine.

I've got my fingers crossed.
Good luck with OPM... I heard from them last week but the phone number they stated doesn't seemed to be working. They sent a temp password, but no claim number to get into the website. I'll have to sort this out later this week.
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Old 02-11-2014, 06:44 AM   #372
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Good luck with OPM... I heard from them last week but the phone number they stated doesn't seemed to be working. They sent a temp password, but no claim number to get into the website. I'll have to sort this out later this week.
Cassie...You will get your claim number in a separate envelop. It took about three or four days for it to come. As a safety measure they are not together. Once you get it and log in, you will immediately have to change the password to something you like. Hang in there.

Life is good!
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Old 02-11-2014, 08:02 AM   #373
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Good luck with OPM... I heard from them last week but the phone number they stated doesn't seemed to be working. They sent a temp password, but no claim number to get into the website. I'll have to sort this out later this week.
Received a notice from my pay center, National Finance Center, that on Feb 4, 2014 they sent my Individual Retirement Record to OPM. Appears to be on time as being FERS and retiring mid month (Jan 11) my first interim would not be due until March 1.

TSP Roll-over went very smooth and fast. TSP is efficient.
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Old 02-11-2014, 10:39 PM   #374
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@ Redbugdave & Kaufmanrider

Thanks for the replies, when I get back from my New Orleans retirement celebration, the claim number will most likely be in the mail. I plan to make a 1x withdrawal from my TSP, I hope that goes smoothly. Looking forward to my 2nd check in March, I think I'm going to have more $$$ than I thought. That's a good thing as I want more $$$ in my Emergency Fund.
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Old 02-17-2014, 10:05 AM   #375
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I had a small deposit into my checking account, banks are closed so I can't check until tomorrow. I know OPM makes adjustment, however, I thought that was only the first of the month. I really must sign up for online access to my account :-) Still waiting for the claim #
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Old 02-17-2014, 05:54 PM   #376
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Hmmm I think everyone is speaking in a secret code that I don't understand. OPM? TSP? FERS? (I think that is Federal retirement?).

I know my BS bucket is overflowing. I do know what that means. Now I am trying to figure out how to escape the Concentration Camp prior to October. I already moved it up one year, now trying to escape even earlier.

I don't have any OPM, TSP, or FERS, but I will have a small pension from CalPERS that is the California version of a pension and I have savings and I am willing to commit to a life of poverty to escape the Concentration Camp. Concentration Camp is the pet name for my employer where the hours are long and the list of rules is even longer and punishment is swift and painful.

If people use acronyms I think it would be helpful to spell out what they mean or explain what they mean for the uneducated like myself.
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Old 02-17-2014, 05:57 PM   #377
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If people use acronyms I think it would be helpful to spell out what they mean or explain what they mean for the uneducated like myself.
You need only ask...

* Acronyms and Slang Frequently Used on the Forum *
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Old 02-17-2014, 06:05 PM   #378
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Hmmm I think everyone is speaking in a secret code that I don't understand. OPM? TSP? FERS? (I think that is Federal retirement?).

I know my BS bucket is overflowing. I do know what that means. Now I am trying to figure out how to escape the Concentration Camp prior to October. I already moved it up one year, now trying to escape even earlier.

I don't have any OPM, TSP, or FERS, but I will have a small pension from CalPERS that is the California version of a pension and I have savings and I am willing to commit to a life of poverty to escape the Concentration Camp. Concentration Camp is the pet name for my employer where the hours are long and the list of rules is even longer and punishment is swift and painful.

If people use acronyms I think it would be helpful to spell out what they mean or explain what they mean for the uneducated like myself.
OPM = Office of Personnel Management
TSP = Thrift Savings Plan (like a 401k)
401k = actually a section of the tax code. It is a defined contribution plan (DC)
DB = Defined Benefit
FERS - not sure, however it's a DC
CSRS = Civil Service Retirement System, it's a DB

And yes, most of those are Federal. BTW, what does the acronym CalPERS mean? Thanks
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Old 02-17-2014, 06:12 PM   #379
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Thank you both, very helpful! I will become educated! Some of them are pretty funny. I won't say which ones...

CalPERS is short for: California Public Employees' Retirement System.
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Old 02-18-2014, 06:57 AM   #380
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Hey Cassie, Kaufman, and the other newly and going to retire FEDs...let's start up a new thread..."2014 retired FED and going to retire FEDs". See ya there...
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