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
Roll over to an outside IRA
Partial withdrawal
Monthly Payments based on your specified dollar
Monthly payments based on IRS Life Expectancy
Just leave it with TSP until 70 years old
Not sure yet
Annuity
Other options not mentioned above
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
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.
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
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
https://money.cnn.com/retirement/gui...mag/index7.htm
e.g.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.
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
Emotions should never play a role in one's investing strategy!
No to Greed...No to Fear!
http://share.robinhood.com/mariloc1
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
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
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
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
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.
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
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