I won’t post screenshots, but in my household one spouse is 55+ and the other isn’t yet. The older spouse had an RA at the ERS in 2024 and has SA dollars in excess of the $117,300 increase in the ERS for 2025. Plus some OA dollars that mostly came back in from a T-bill recently. The younger spouse has SA dollars in excess of the FRS. Both spouses have $71,500 MA balances.
January plans: (1) The younger spouse will transfer all OA dollars (current early January OA balance) to the older spouse’s RA. (2) The older spouse will transfer the remainder of the $117,300 ERS increase from the spouse’s own SA to RA. (3) Both spouses will deposit $4,000 of cash in their respective MAs, for tax relief. One spouse has a December payroll cycle to beat, and the other has a January payroll cycle to beat (December’s was in December).
Later 2025 plans: When any deductions from MA occur (for insurance premiums, for example) that spouse will swoop in with a cash deposit (hopefully for tax relief) ahead of the next payroll cycle. The older spouse will use OA effectively as a savings account, reducing bank cash in favor of long-term investments.
