View Poll Results: Which TSP option/s did or will you choose upon Retirement?

Voters
111. You may not vote on this poll
  • Roll over to an outside IRA

    23 20.72%
  • Partial withdrawal

    16 14.41%
  • Monthly Payments based on your specified dollar

    31 27.93%
  • Monthly payments based on IRS Life Expectancy

    5 4.50%
  • Just leave it with TSP until 70 years old

    17 15.32%
  • Not sure yet

    28 25.23%
  • Annuity

    0 0%
  • Other options not mentioned above

    5 4.50%
Multiple Choice Poll.
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Results 289 to 300 of 301

Thread: Maricar19 Account Talk

  1. #289

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by flalaw97 View Post
    According to TSP-775 (10/2020) both traditional and Roth TSP are subject to RMDs. https://www.tsp.gov/publications/tsp-775.pdf
    Thanks. I was hoping for some changes in the RMD.
    I guess, it's time to roll over my meager Roth TSP into my Roth IRA.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  2.  
  3. #290

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    10,842

    Default Re: Maricar19 Account Talk

    Maricar19 here are my numbers so far.

    YTD $39,466.42
    Sep 01-14 $8,423.79



    Best Month So Far
    February $15,750.67



    Worst Month So Far is September
    May the force be with us.

  4.  
  5. #291

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by Bullitt View Post
    Is that your taxable/trading account?
    Unfortunately, it's my TSP.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  6.  
  7. #292

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by nasa1974 View Post
    ..."Worst Month So Far is September"
    Definitely agree. September is turning out to be a bear. But then it's not over until the fat lady sings.

    Remember the month of May? I thought it will never end. EOM May, I still recouped some and ended positive.
    $(1464.03) 05/10
    $(10997.46) 05/12
    $(7941.34) 5/13
    $(1881.10) 5/14
    $(5419.95) 5/19
    $(1831.98) 5/21
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  8.  
  9. #293

    Arrow Re: Maricar19 Account Talk

    https://money.cnn.com/retirement/gui...mag/index7.htm

    The old rule of thumb used to be that you should subtract your age from 100..
    ...However, with Americans living longer and longer, many financial planners are now recommending that the rule should be closer to 110 or 120 minus your age.
    e.g.
    Old version:100 less age 62 = 38
    38% invested in stocks
    New version:110 less age 62 =48
    48% invested in stocks
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  10.  
  11. #294

    Default Re: Maricar19 Account Talk

    Slowly digging out...

    Quote Originally Posted by Maricar19 View Post
    09/01-09/15 -$2611


    Best Month So Far
    April $14,156
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  12.  
  13. #295

    Default Re: Maricar19 Account Talk

    Are you aware of Rule #12 of TSP Talk?

    "12. Do not annoy the moderator(s) or administrator."
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  14.  
  15. #296

    Default Re: Maricar19 Account Talk

    Very, very slight dent ...FWIW - Thank you S Fund
    09/01-09/16 -$2386


    Best Month So Far
    April $14,156
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  16.  
  17. #297

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,137

    Default Re: Maricar19 Account Talk

    Quote Originally Posted by flalaw97 View Post
    According to TSP-775 (10/2020) both traditional and Roth TSP are subject to RMDs. https://www.tsp.gov/publications/tsp-775.pdf
    It seem like the easiest way to deal with it until they change their requirement is to transfer any Roth to outside institution. But another option would be to withdraw at least the RMD calculated amount from your traditional during the year so the pro-rata formula will never be used. It really depends on how much Roth vs Traditional you have in the account as to whether or not this would be.a realistic option. Basically you take your year end balance and divide by the age factor to determine how much you need to withdraw (which would include total balance of Traditional + Roth). You would end up taking out more than what should be required each year but your Roth would not be touched.
    https://www.tsp.gov/bulletins/19-6/ "
    The FRTIB has made the following changes related to post-separation/beneficiary participant withdrawals:. .

    • Participants are able to choose whether their payments come from their Roth balance only, their traditional balance only, or pro rata from both."

    The old TSP 70 has a section where you could actually transfer the Roth portion of your withdrawal too a Roth IRA (when everything was done proportionally). I think eventually they will have to change the rule if they want people to stay with TSP. Same with conversions, but. based on what contact I have had in dealing with TSP, I'm not sure they are equipped to handle that.
    Happy Trails



  18.  
  19. #298

    Default Re: Maricar19 Account Talk

    Since TSP Roth has an RMD and Roth IRA has none, I decided to transfer all my TSP Roth to an existing Roth IRA.
    Both accounts are past the 5 year holding period and have a comparable expense ratio of .03%-.05%.
    Took me 2 hours to search for the Direct Rollover form from TSP website and still cannot find it.
    I decided to call the Thriftline and got a low voiced rep who won't even attempt to speak louder to accomodate a hard of hearing senior even after multiple requests.

    Anyways, she told me to log on to my account and choose Withdrawals, etc...
    You can only access Form 99 thru your account.
    1. Completed the form, etc., but it needs to be notarized with spouse's signature.
    2. After notarization, it must be completed by the receiving brokerage.
    3. And then upload or mail it to TSP.

    With so much process for a Direct Rollover/Transfer, I am thinking of just withdrawing it and sending a check to my brokerage.
    Withdrawal is tax free - I am already a Senior and past the 5 yr, so what adverse consequence/s will I be dealing with if I do this?
    Comments?
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  20.  
  21. #299

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,137

    Default Re: Maricar19 Account Talk

    For the Roth money, as long as you deposit it within 60 days, I don't see that there would be any negative impact. It will show up on your 1099-R as a distribution, you should also get another 1099-R from the brokerage showing the rollover. Tax software should walk you though the necessary questions. A direct transfer is a little easier at tax time because everything should be coded correctly.

    I don't know what the process is for just withdrawing the money, but I think you may need to go through same process of notarizing the document.

    Suggest you talk to your brokerage first. They may be able to notarize the form and send it in for you.

  22.  
  23. #300

    Default Re: Maricar19 Account Talk

    evilanne,

    Thanks. I finally got through with my brokerage. They told me if I do indirect transfer/rollover, I can only do it 1x every 12 months.
    It is a little cumbersome to do a direct transfer/rollover -First, I need it to be notarized (spouse and my signatures), and then mail it to the brokerage for certification/accuracy/acceptance.
    Wait for it to come back and then upload/mail to TSP.

    I guess it's worth it at age 72 when I don't have to worry about a Roth RMD. $$ will accumulate more.
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1

  24.  
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