I retired in 2009 and left my TSP alone and allowed it to grow - and it has. I was considering converting the TSP to a Roth (Conversion IRA) but didn't want to deal with the taxes involved, so I just...
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I retired in 2009 and left my TSP alone and allowed it to grow - and it has. I was considering converting the TSP to a Roth (Conversion IRA) but didn't want to deal with the taxes involved, so I just...
Never heard the TSP referred to as Roth TSP.
Edit: Nevermind. Have been out of the service for 4 yrs and it looks like a new program that I'm unfamiliar with.......
Have hobbies.
Moved back to the G-fund for a few days/weeks....$121k. Waiting for another correction/drop.
My little market timing was a risky scheme - but I wanted to get back into the market and out of the G-fund anyway. There's just so much crises occurring in the world (our two wars, Libya, the...
Well, 1030 (am) and I've moved everything back out of the G-fund ($116k) where it has been sitting for 2 weeks, to 50% I and 50% S-fund.
Why do I feel like I'm at the horse track making my...
If you make an interfund transfer before 12 pm EST, will you be assured to received the closing share price for today's market?
Who knows where the NIKKEI will bottom out at? Might not be for...
won't President Obama's failures in Korea yesterday (no trade agreement) cause the American market to decline?
If you can afford to, put $44k in the TSP. I did that while in Afghanistan.
That's what I would have done. Not a financial planner, myself. Make sure all your credit card debts are paid as well, make sure your college loans are paid if you have any. Be careful about buying...
Used the TSP.gov toll-free number. Person recommended that I talk with a tax advisor regarding the tax-free portion of my conversion. I'll also have to check our IRS's website.
No problems. I did it - just make sure you stop the TSP election before you go over the $16.5k.
Moving $110k from TSP to Vanguard IRA then will convert to Roth over the course of 4-5 years. I have $17k in tax exempt. Trying to figure out how the IRS will treat this conversion. I need to...
anyone have experience in the rollover after separation? I'm considering it - but don't know what the hassle-factor is w/ TSP.
I've been a few hundred dollars short of the $16,500. Never hit it on the head. Too worried about going over.
Can't mix the TSP w/ current IRA, but you might consider a TSP to ROTH conversion. That's the talk of the town with CFP nowadays. There are a lot of pros and cons to do this.
new military retiree here: maybe its time to convert the TSP to a ROTH and get the taxes out of the way now -
That's how I understand it.
I did that for a few years -
Just be careful not to forget to change the contribution option before you get to the max.
During my deployment to Afghanistan, I maxed both the ROTH and TSP contribution. I figured the TSP grew tax deferred, so I opted for it - and being in the war zone, if I recall correctly, you're...
Welcome back and a big THANK YOU for all that you did in service to your country.
Sorry -can't assist w/ your questions. I have my own problems (losses) - would hate to add to someone elses.
...
Thanks for the story. There were times while in Afghanistan that I thought the majority of Americans wake up, go about their day, and go to sleep without even thinking that there are thousands of...
I've made it!
I'm on permanent sabbatical!:D
Some experts expect that with current gov't spending, our taxes will be very high in the decades to come. Ed Slott, for instance, recommends converting to Roth ASAP.
Curious how the OP finished...
call them - never transferred balance to my USAA acct.
they have a quick telephone service - no long waits on the phone
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