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Early Retirement

^     All messages            52484-52499 of 52499  52468-52483 >>
not retiring yetPerson was signed in when posted
11:51 PM ET (US)
/m52491 1044 hours divided by 8 equals 130 Divide that by 30 and you get 4 1/2 which is in months. OPM uses 30 day months for all calculations.
Dannofrom50Person was signed in when posted
11:45 PM ET (US)
Calico /m52495 If you're able, give the Diamond Head cam a play Thur.-Fri. Pretty sizeable south swell today ( Thur.) supposed to linger into Fri. It was 12 deep on the cam for wait time though, just like during the hurricane earlier this month.
X-stewPerson was signed in when posted
09:08 PM ET (US)
/m52496 Does not apply to PO employees.
postalvetPerson was signed in when posted
08:54 PM ET (US)
Cali to ColoPerson was signed in when posted
08:07 PM ET (US)
Thanks, Hanging.
X-stewPerson was signed in when posted
07:43 PM ET (US)
/m52492 /m52491 Actually it's 1,040 sick = 6 months in PO. OPM uses that different number. Why, I don't know.
Edited 08-21-2014 07:45 PM
Hanging ToughPerson was signed in when posted
07:37 PM ET (US)
Cali, the last thing was "Bringing mail back" ... you will be TERMINATED! We had a CCA who has been "terminated" for bringing mail back (in the dark). I don't know the whole story yet, if someone told him to do that or not, but today I heard he was FIRED! And that's the last thing the PM threatened termination to the stand up group. I think the last ones were "Signing for accountables ourselves - and leaving them for the customer", and the other was for "being out of the LLV with the motor running".... he said TERMINATION IF WE CATCH YOU!
My2CentsPerson was signed in when posted
06:55 PM ET (US)
/m52491 1044 hours equals to 6 months additional service time. If you're FERS employee and 62 or older, it'll add 0.6% of your high 3 average per year, otherwise 0.5%/yr. Roughly $25/mo more.
Edited 08-21-2014 06:57 PM
midwest clerkPerson was signed in when posted
06:22 PM ET (US)
I will be retiring in 6 months. I will have 1044 hours in sick leave which will add 6 months to my overall time. Does anyone know how much that will add to my pay check?
My2CentsPerson was signed in when posted
06:18 PM ET (US)
$300,000 in TSP balance should pay you $1,000/mo for the rest of your life, well past 30 years, if you kept the whole amount in G(fixed income) fund, assuming lowly 2-3%/yr earning. I have not seen many postal employees living well past 80. I have witnessed way too many retired postal employees passing right around age 70.

My first 15 years at PO were not really bad. Back in the 80's & early 90's, when someone retires after 30+ years at the same office, had pretty big retirement potluck party in the morning. That was the norm.

Since then, especially last 5-6 years, people just don't show up at work, quietly retiring without due respect and well deserved farewell, after they spent more than half of their life. Carriers don't want to deal with hostile management no more than they absolutely had to. This is how it looks at PO right now. Sad.
mulligan2Person was signed in when posted
04:00 PM ET (US)
almostthere...Free advice is worth what you pay for it. Advice you pay for is sometimes worth less. As you might know, you don't have to "Roll Over" your TSP account so forget about that 60 day thing. You can stay in TSP forever. Ask yourself how you got your TSP account to 300K. You must be doing something right because not many have an account that large. How much risk can you handle? If you are going to need that 300K to live on you might want to think about safety. Had one "financial advisor" try to convince me not to pay off a 6% home mortgage because of the tax write off. Convinced him that getting back 25 cents on taxes meant that I were losing 75 cents on interest on each dollar. Ended up he paid his house loan off also.
Merlin58Person was signed in when posted
03:09 PM ET (US)
/52474. Just for the heck of it, I did go to a financial advisor just to see what he would say. He wanted to divide all my money between several funds (he was going to earn a commission on each). He recommended that I borrow as much equity as possible on my house so that I would have more to invest. He told me not to be concerned if my balances seem to be decreasing "just the way of the market". I literally bolted from the office and never looked back. This guy came highly recommended. Several of my husband's former coworkers have their en tire retirement fund in this guy's hands. Pretty darn scary.

Another guy offered to lock me into a 4% annuity.
Edited 08-21-2014 03:10 PM
oasis856Person was signed in when posted
03:02 PM ET (US)
"Ditch their low-fee federal retirement plan"

Read it yourself, please.
oasis856Person was signed in when posted
02:55 PM ET (US)
Sunday's Washington Post had an article - said tsp was the best fund in the country with the lowest fees. Asked big private funds for suggestions and most lied usaa and navyfcu along with others. Move your money to pay fees and return drops. Why
RIKSNYPerson was signed in when posted
01:55 PM ET (US)
Don't fall for something like this :)

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Boss BasherPerson was signed in when posted
01:49 PM ET (US)
/m52474 Agree totally with Merlin58 below. Recommend that you question moving your funds out of TSP AT ALL. Administrative fees are lower in TSP than anything else. Many investment firms not worth a dime; nothing but Heathens there, waiting to sink their teeth into your money - and their "products" sank the economies of half the Western Hemisphere in 2008. With few exceptions, Wall Street's track record is miserable - too easy for you to step on a Turd there. "Reality Check" has good info on a few places, but unless you want to make it a keen Hobby of yours (and, starting to learn, this late in the game, is dangerous), I'd leave it in TSP. the Index Funds in TSP give you a good variety of choices, with "G" fund as a 100% Safe Harbor, to which you can switch ALL your funds OVERNIGHT, if it looks like the markets are going to take a nasty downturn. Lastly: For the Love Of God, DON'T put your money in the hands of a STOCKBROKER (thereby giving up control).
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