An exercise in futility? Removing FERS by lump sum

[Chulke]

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I've been trying to roll over as much as I can to Roth while I still have kids that I can claim on my tax returns. The youngest just turned 18. He will be going straight to college joining his older sister, whereas I can still claim them up to 24yr old, as long as they are in school. Between chapters 33 & 35, they both have about 6 years each of VA education money coming to them.
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Very Nice! My daughter went to school on my G.I. Bill for her Bachelor's and is now using Chapter 35 to complete a dual Master's degree! She doesn't realize it now, I don't think, but she will someday be extremely thankful for what my 20 years of sacrifices, and my body has paid for her. (we only ever had 1...My wife had 2 tubal pregnancies that led to her hysterectomy and about 6 miscarriages before that, that we later found out was due to an undiagnosed condition where he white blood cells would attack the newly fertilized egg and cause the miscarriage) During my daughters Bachelor's program she was getting back about $4-$6K every semester because she had scholarships as well! So she was literally getting paid to go to college!


So yeah we sound like our lives are pretty similar! LOL! Good luck brother and Congrats for your kids...amazing they get to go to school like that! So awesome!!!


Cheers y'all!

[Bubba]

I've been trying to roll over as much as I can to Roth while I still have kids that I can claim on my tax returns. The youngest just turned 18. He will be going straight to college joining his older sister, whereas I can still claim them up to 24yr old, as long as they are in school. Between chapters 33 & 35, they both have about 6 years each of VA education money coming to them.
[/quote]

Very Nice! My daughter went to school on my G.I. Bill for her Bachelor's and is now using Chapter 35 to complete a dual Master's degree! She doesn't realize it now, I don't think, but she will someday be extremely thankful for what my 20 years of sacrifices, and my body has paid for her. (we only ever had 1...My wife had 2 tubal pregnancies that led to her hysterectomy and about 6 miscarriages before that, that we later found out was due to an undiagnosed condition where he white blood cells would attack the newly fertilized egg and cause the miscarriage) During my daughters Bachelor's program she was getting back about $4-$6K every semester because she had scholarships as well! So she was literally getting paid to go to college!


So yeah we sound like our lives are pretty similar! LOL! Good luck brother and Congrats for your kids...amazing they get to go to school like that! So awesome!!!


Cheers y'all!
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I'm glad that you guys have it all worked out. I do regret not joining the military at a young age. After many years toiling as a civilian, I think I would have enjoyed that life. Either way, good job in planning it all out.

As a side note in what I mentioned from the beginning, I'm not sure if you can yearly ask for your contributions back or only when you leave service/retire. If you have to wait until the end, then the annuity idea would not work. You would need the variable annuity at a pretty youthful age invested in the SP500 to get that interesting return. Either way, good luck to all!