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Re: How long will you live?

Posted: Sat Dec 29, 2007 3:08 pm
by Whazzup
Another (former) government employee here, eligible for membership in DENSA.

Re: How long will you live?

Posted: Sat Dec 29, 2007 3:09 pm
by GRUMPY PIRATE
Whazzup wrote:Another (former) government employee here, eligible for membership in DENSA.
Take the enterence test, it makes you think (not!!!)

hehehe

This is the governments attitude on retirement!

http://despair.com/retirement.html

Re: How long will you live?

Posted: Sat Dec 29, 2007 3:12 pm
by Whazzup
Hey, I submitted my application for DENSA and passed with flying colors. T-shirt and certificate are on their way. I sure do feel special now.

Re: How long will you live?

Posted: Sat Dec 29, 2007 3:14 pm
by Whazzup
GRUMPY PIRATE wrote: This is the governments attitude on retirement!

http://despair.com/retirement.html
Love the poster. :rolleyes:

Re: How long will you live?

Posted: Sat Dec 29, 2007 4:40 pm
by GRUMPY PIRATE
Whazzup wrote:Hey, I submitted my application for DENSA and passed with flying colors. T-shirt and certificate are on their way. I sure do feel special now.
Congradulations, you have entered a denser world!!!

(with apologies to Obi Wan!)
The poster is from one of my more favorite web sites!!

I believe Hobi used to work for the guy than founded it!!

Re: How long will you live?

Posted: Sat Dec 29, 2007 7:04 pm
by Cheshire Figment
Whazzup wrote:Another (former) government employee here, eligible for membership in DENSA.
Don't knock the Government Retirement programs. They are probably the best employee benefit programs anywhere.

Counting my FERS Retirement, my survivor benefit from Judy's CSRS Retirement, and my Social Security I get over $67,000 per year. Plus over 1/3 Million $ in TSP. And my health insurance program and costs are the same as an active Federal employee. Also, I have free term life insurance which is currently decreasing on a monthly basis, but will not go below $30,000.

Also, the year Judy died she had 45 days in hospitals, including 9 in ICU, over a ten month span and out out of pocket expense for her was capped at $6,000.

And Judy and I met in Mensa.

Re: How long will you live?

Posted: Sat Dec 29, 2007 7:06 pm
by GRUMPY PIRATE
Cheshire Figment wrote:Don't knock the Government Retirement programs. They are probably the best employee benefit programs anywhere.

Counting my FERS Retirement, my survivor benefit from Judy's CSRS Retirement, and my Social Security I get over $67,000 per year. Plus over 1/3 Million $ in TSP. And my health insurance program and costs are the same as an active Federal employee. Also, I have free term life insurance which is currently decreasing on a monthly basis, but will not go below $30,000.

Also, the year Judy died she had 45 days in hospitals, including 9 in ICU, over a ten month span and out out of pocket expense for her was capped at $6,000.

And Judy and I met in Mensa.
Not knocking it at all, have 35 years invested with them!!!

Re: How long will you live?

Posted: Sat Dec 29, 2007 7:54 pm
by Whazzup
I just retired after 38 years under the old CSRS system, so will have the offset if I want social security. You did very well in TSP, Cheshire. I worry about some of the FERS folks whose retirement depends on how the stock market does. Could be scary.

Yes, the health benefits aren't bad compared to private sector.

Re: How long will you live?

Posted: Sat Dec 29, 2007 7:58 pm
by GRUMPY PIRATE
Whazzup wrote:I just retired after 38 years under the old CSRS system, so will have the offset if I want social security. You did very well in TSP, Cheshire. I worry about some of the FERS folks whose retirement depends on how the stock market does. Could be scary.

Yes, the health benefits aren't bad compared to private sector.
Well it they are smart, they listen to the warnings to start moving TSP funds to "G" protected when they are nearing retirement! thy sven sent out in-house e-mails to that effect for us.

Re: How long will you live?

Posted: Sat Dec 29, 2007 8:27 pm
by Whazzup
GRUMPY PIRATE wrote:Well it they are smart, they listen to the warnings to start moving TSP funds to "G" protected when they are nearing retirement! thy sven sent out in-house e-mails to that effect for us.
That's true - although it is tempting to leave more in the other funds and watch those dollars add up quickly. But lately they've been going down even more quickly.