re: Retired FERS-VERA/VSIP Considering 72(t) TSP Withdrawal Options
Originally Posted by
evilanne
TSP Withdrawal Strategy under 55 & MRA
I’m currently trying to figure out a plan for TSP withdrawals—Soonest will be 2017. I will be locked into life expectancy withdrawals until age 59.5 once I start. I am ok with where I am right now. Since I will not get the supplement until 2020, it may be worthwhile to do a partial rollover in December 2019 to an IRA to lower the TSP monthly payments. I have always been open to transferring a portion of my account outside of TSP with adequate reason to do so. Not sure if this will work or not. If permissible, I can either leave it as an IRA or convert some gradually to Roth. Any thoughts?
Just and idea..
When I retired at 55 (CSRS-2010)..I took my TSP funds and rolled them over into an IRA account and let a financial management firm take control...I don't even make contributions any more..And I don't worry about it anymore either, just waiting til I'm 72, when I'll be forced to take my annuities ...They take care of my so-called portfolio and guaranty an annual yield of 5% no matter what the market is doing....so far, I've been seeing a 7% to 9% yield annually and so it grows..Yes I do pay a 1% brokerage fee...Pennies on the dollar..no muss no fuss.
A wise man speaks when he has something to say...A FOOL speaks when he just has to say something
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