As a retired CSRS fed I will say this - I rolled quite a bit of my TSP but kept some behind. If you leave a small amount (250 bucks I believe) in the fund you can return and move $ back in at a later date if you desire. Once you zero out the account it's closed for good.
1983: Congress set the system so that 90% of covered earnings were subject to the Social Security payroll tax. Today: Only 82–83% of covered earnings are subject to the tax because earnings above the wage cap have grown much faster than average wages. From the Congressional Budget Office
I believe I read that in the 1983 SS reboot Congress set the goal of capturing 90% of earnings under SS ... There are way too many people making over the 184,500 cap today. Seems like it has to go up
We have 2 solidly middle class successful kids. My son the math wiz and I share everything related to our finances. I'm a bit older than my wife,along with the fact she has incredible longevity in her family and I expect her to outlive me. I want him to be able to help my wife with decisions if and when she needs. He needs to know. I have no secrets to hide.The more they know the better.
Comments
I would like to see a restructure toward something like Chile has done. But any big moves are political poison and will die in some committee
Post: About that inflation in retirement
Link to comment from July 12, 2026
Never E anything ... Nothing like a personal note or letter
Post: Exercising true frugality
Link to comment from July 1, 2026
https://www.nytimes.com/2026/06/23/opinion/moreno-warren-social-security.html?smid=url-share These 2 have the right idea ...
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 24, 2026
Wow - I am sure things are different all around the country but one could get a lot of grass cut for 1000 bucks a month in western PA.
Post: Thinking about downsizing? Think seriously
Link to comment from June 22, 2026
As a retired CSRS fed I will say this - I rolled quite a bit of my TSP but kept some behind. If you leave a small amount (250 bucks I believe) in the fund you can return and move $ back in at a later date if you desire. Once you zero out the account it's closed for good.
Post: TSP G Fund as the only Fixed Income Investment
Link to comment from June 22, 2026
1983: Congress set the system so that 90% of covered earnings were subject to the Social Security payroll tax. Today: Only 82–83% of covered earnings are subject to the tax because earnings above the wage cap have grown much faster than average wages. From the Congressional Budget Office
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 18, 2026
I believe I read that in the 1983 SS reboot Congress set the goal of capturing 90% of earnings under SS ... There are way too many people making over the 184,500 cap today. Seems like it has to go up
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 17, 2026
We have 2 solidly middle class successful kids. My son the math wiz and I share everything related to our finances. I'm a bit older than my wife,along with the fact she has incredible longevity in her family and I expect her to outlive me. I want him to be able to help my wife with decisions if and when she needs. He needs to know. I have no secrets to hide.The more they know the better.
Post: Time to share our financial info with children?
Link to comment from June 6, 2026
Overvalued ... 6 months from now it will be lower than the IPO
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 4, 2026
"acknowledging no serious misfortune" ... Is that the same thing as luck or being in the right place at the right time? :)
Post: Take a Look In the Mirror
Link to comment from May 17, 2026