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No, the FERS Supplement is not treated like Social Security, since it is not Social Security money. It is money from the Office of Personnel Management (OMB) and is added to your FERS annuity without any distinction (i.e., it is not identified as the FERS Supplement). It is taxed just as the...

You could reduce your 401k distribution down to as much as $0, if you'd like, since you don't need to take any mandatory distributions until the year after you are 70.5. I don't know why that would necessarily cause the government to look into your assets, since it's not assets that matter...

An interesting rebuttal to all the retirement "doom and gloom" stories:dance: Ignore the Retirement Alarmists: 5 Charts Proving the Average American Thrives in Retirement -- The Motley Fool

Scrabbler: I think you were a statistician or actuary of some sort, if I remember correctly. Maybe not. Anyway, now that you know of your diabetes, you can take steps to assure yourself of a normal or above normal life expectancy: mind your diet, etc., and listen to your doctors. I've relatives...

See link below. Here's explicit language that states you can change your monthly amount (presuming you do not choose RMD option): Once your withdrawal request is processed, you cannot return your withdrawal or change your withdrawal options. However, if you have chosen to receive part or all...

Correct, if you want to change the amount you wish to withdraw monthly, you can make that change yearly: https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/withdrawals/index.html

It is tempting to diddle around with your mix of funds. I have done it, sometimes in a mish-mash way--mixing Lifestyle Funds with S, F, and I. But be aware that your current mix of half G and half L fund (depending on the target date of the L fund) just concocts some L-fund hybrid, in effect...

I, too, am a retired Fed. I would think hard and long about moving any funds out of the TSP anywhere. The TSP fund is very well managed and the costs are minimal. Of course, you should do what you ultimately want, but do it with your eyes wide open. Look at all the options for withdrawal...

If you are referring to OP's statement, I believe he mentions that he has a little over 20 times annual income available, which presumably well positions him for a 4 percent withdrawal of annual expenses (i.e., presuming annual expenses are significantly less than annual income). My bet is that...

Glad to hear you are okay, all things considered. A former co-worker of mine recently went over the bars on his bike (whilst wearing a helmet) and was killed, very sad and, of course, unexpected. Bicycle riding, like everything else, has its hazards. I wonder what the stats are on bicycle...

In your case, you need to retire from Federal service in the calendar year in which you turn 55 in order avoid a 10 percent IRS tax penalty on any TSP withdrawals (unless you do the 72t withdrawal). If you plan to retire at 56 from Federal service at 56, this issue is moot. If you leave now...

Fed health care is not free, but well subsidized. Feds pay about 28 percent of Health Insurance premiums, the government pays about 72 percent. This continues into retirement, until Medicare (when government insurance can continue as supplemental insurance to Part B, meds, etc., but the...

In order to withdraw penalty free from TSP you will need to retire from government during the year you turn 55, not sure if deferral at an early age will help, so you need to check that out. Also, unless you are a fed law-enforcement type, the reduction to your FERS pension will be 5 percent for...

Thanks all for your quick replies. PR fodder, it is. Even so, this one was particularly void of context other than stating it was a survey of "affluent" investors. There seems to be a lot of these fairly useless stories going around. No wonder even people in the story worry so much about money.

Legg Mason reports that investors think they'll need $2.5 million for comfortable retirement. Story doesn't say anything about pensions, ss, or the timeline to have $2.5 million. Not much context other than people feel behind. Does this amount ring true to folks here? I guess this is one of...

Thanks, Midpack, I appreciate your advice. I will check your suggestions out. Cheers!

Got it! I've been lurking for a time, so I knew it was an inside joke (I'm familiar with the link). No harm, no foul. Thanks.

Actually, early on, it was a little tough getting used to stopping from full throttle, as I was, perhaps, not as "emotionally" prepared as I thought may be necessary, since the job became a bit a grind and I just wanted to get out. I did not have other retirement plans, just resting and not...

Hello from Chicagoland from a 56-year-old single lad (no dependents), early retired from Feds for about 6 months with around $2 million (depending on market gyrations!) in investable assets(55 percent in taxable, 45 in pre-taxed Thrift Savings Plan) and 52k or so immediate pension annuity/FERS...