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  1. Replies
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    Re: Using the TSP as a supplement to military pension

    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...
  2. Replies
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    8,341

    Re: Roth TSP and Roth IRA

    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.......
  3. Replies
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    2,762

    Re: Retirement w/in 5 1/2 years

    Have hobbies.
  4. Thread: Overnight Futures

    by OMA
    Replies
    98
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    10,529

    Re: Futures Down Big

    Moved back to the G-fund for a few days/weeks....$121k. Waiting for another correction/drop.
  5. Thread: Overnight Futures

    by OMA
    Replies
    98
    Views
    10,529

    Re: Futures Down Big

    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...
  6. Thread: Overnight Futures

    by OMA
    Replies
    98
    Views
    10,529

    Re: Futures

    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...
  7. Thread: Overnight Futures

    by OMA
    Replies
    98
    Views
    10,529

    Re: Futures

    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...
  8. Thread: Market News

    by OMA
    Replies
    2,353
    Views
    330,862

    Re: Market News

    won't President Obama's failures in Korea yesterday (no trade agreement) cause the American market to decline?
  9. Replies
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    5,356

    Re: Big bonus question?

    If you can afford to, put $44k in the TSP. I did that while in Afghanistan.
  10. Replies
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    5,356

    Re: Big bonus question?

    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...
  11. Re: Can I withdraw my tsp money if I'm getting out of the military?

    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.
  12. Thread: 100% base pay?

    by OMA
    Replies
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    4,519

    Re: 100% base pay?

    No problems. I did it - just make sure you stop the TSP election before you go over the $16.5k.
  13. Replies
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    Re: TSP Roll over to IRA

    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...
  14. Replies
    27
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    14,250

    Re: TSP Roll over to IRA

    anyone have experience in the rollover after separation? I'm considering it - but don't know what the hassle-factor is w/ TSP.
  15. Thread: 100% base pay?

    by OMA
    Replies
    14
    Views
    4,519

    Re: 100% base pay?

    I've been a few hundred dollars short of the $16,500. Never hit it on the head. Too worried about going over.
  16. Thread: Questions

    by OMA
    Replies
    3
    Views
    1,806

    Re: Questions

    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.
  17. Replies
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    1,735

    Re: Backdoor taxes to hit middle class

    new military retiree here: maybe its time to convert the TSP to a ROTH and get the taxes out of the way now -
  18. Thread: Roth IRAs

    by OMA
    Replies
    8
    Views
    2,363

    Re: Roth IRAs

    That's how I understand it.
  19. Thread: 100% base pay?

    by OMA
    Replies
    14
    Views
    4,519

    Re: 100% base pay?

    I did that for a few years -

    Just be careful not to forget to change the contribution option before you get to the max.
  20. Replies
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    7,857

    Re: Why Put Tax-Free Money in TSP?

    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...
  21. Thread: Iraq bound

    by OMA
    Replies
    29
    Views
    6,495

    Re: Iraq bound

    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.
    ...
  22. Thread: Iraq bound

    by OMA
    Replies
    29
    Views
    6,495

    Re: Iraq bound

    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...
  23. Re: “Can You Think of Another Word for “Retirement?””

    I've made it!

    I'm on permanent sabbatical!:D
  24. Replies
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    3,617

    Re: New: Withdrawal/Tax-exempt/Roth-Ira question

    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...
  25. Thread: USAA Opinion pages

    by OMA
    Replies
    12
    Views
    4,023

    Re: USAA Opinion pages

    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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