Readers' Comments
Total Comments: 6
Page 1 of 1
Page 1 of 1
Retirement is a Lifelong Journey
Total Comments: 6
Page 1 of 1
Page 1 of 1
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| Close | Change | YTD | |
| G | $13.2114 | +0.0012 | +0.70% |
| F | $13.6201 | -0.0062 | +2.14% |
| C | $13.8116 | -0.0706 | +4.49% |
| S | $17.9282 | -0.1903 | +8.91% |
| I | $18.5079 | -0.0782 | -0.16% |
| Close | Change | YTD | |
| L 2040 | $16.1968 | -0.0789 | +3.59% |
| L 2030 | $15.9593 | -0.0673 | +3.23% |
| L 2020 | $15.7365 | -0.0532 | +2.72% |
| L 2010 | $15.4595 | -0.0197 | +1.57% |
| L Income | $14.0856 | -0.0155 | +1.48% |
March 21, 2010
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Above column
OPM
Fri Jan 9, 2009 8:52 AM
Post Reply
As an current active Federal employee in his 60s, I feel left out, as the discussion truncated with young whippersnappers in their 50s. I feel like taking a buggy whip to Mr. Schardein - if I could find one and if I could still remember what I wanted to do with it after I found it!
Re: Above column
NASA
Mon Jan 12, 2009 9:39 AM
b. If you have lots of years of service to go with the age, you are looking at an uncommonly generous pension, the likes of which FERS employees can only dream of.
c. Since you are still working in your 60s, the nest egg that you ave saved up will not have to be spread out as long as other CSRS retirees who jumped out at 55.
d. You are already on top of the best strategy there is, which is to delay taking an annuity for as long as you are able to enjoy your work.
e. Retire when you can, and enjoy!
Young Ones
BOR
Fri Jan 9, 2009 11:19 AM
Post Reply
Thanks for including those of us in our 20s that are already planning our retirement. I have been contributing to my TSP faithfully every month for my year and a half with the government. I certainly would stand to benefit from more articles gear toward those of us in our 20s. This article was a good start, but please give us more!!
Re: Young Ones
NIH
Fri Jan 16, 2009 12:34 PM
Try CNN's Money101 for a good, very basic start on finances & retirement. http://money.cnn.com/magazines/moneymag/money101/index.html Go to Vanguard or Fidelity for calculators on how much to save for a comfortable retirement. Both companies can also set up Roth IRAs with low cost broad based index funds.
I'm 55 and counting down
DOD
Fri Jan 9, 2009 7:05 PM
Post Reply
Cheer up, 60 year old. According to the "plan", you can indulge in that new convertible sports car, Charger Superbowl tickets, 2 Disney cruises a year: because you have "made it". If you haven't made it yet, start thinking like a 50 year old and keep working until you wear out because your spouse spent all the "plan" money when he retired and had a good time without you.
Lifelong Journey
DOD
Mon Jan 12, 2009 7:56 AM
Post Reply
I was looking for more concrete answers such as going into retirement w/o mortgage payment etc. In other words, should you enter retirement w/as little debt as possible? I'm maxing my TSP but it hurts to watch its value fall. As a FERS baby, I'm getting my mind around working until 66 which is 9 more years. Fortunately, I like my work and co-workers so it doesn't feel like such a gut wrencher. It's just I don't feel like hubby and I are going to reach golden eighties - we both inherited bad genes. OK, I'm done whining.