Re: Roth Account: I would suggest that you fund as much as you are allowed/able to this year in your Roth. See
https://www.investopedia.com/ask/ans...periodroth.asp
Although you can always withdraw your contributions prior to 59.5 without penalty, conversions have their own 5 year rule, so you would not be able to withdraw it all, specifically not the earnings.
Generally the objective is to let it grow over many years to get the maximum benefit, if you are planning on withdrawing it all in 5 years, I am not sure that I would bother with conversions
Re: IRA Withdrawal: Skorcher was talking about how you can get money out of an IRA before 59.5. It is similar to TSP life expectancy but per the regs you have to do it 5 years or until you turn 59.5, whichever is later. e.g. In an IRA, If you start withdrawing at 58, you would have to continue it until 63 or you face penalties. That is why it is better to stay with TSP until at least 59.5 for those retiring early and wish to eventually move out of TSP to something else.
Bookmarks