Recent content by JD1964

  1. J

    Bitcoin

    I’m thinking I might play around with it the next time I’m in there. You know, just to see what it’s offering.
  2. J

    Bitcoin

    I was in my local Royal Farm store the other day and noticed a new vending machine.
  3. J

    Bitcoin

    I may still open a Roth with Blocktrust IRA in the future but there’s one thing that is sidelining me. I’ve already made my limit of 4 age based TSP withdrawals for this calendar year. Blocktrust IRA has a 25k minimum investment for the ai managed option. The only way I can start a 25k Roth...
  4. J

    Bitcoin

    I mentioned Blocktrust IRA in post 848 of this thread. I've had my consultation call with them. On the call they informed me of some fees that were not listed on the website. Although they do mention a performance fee on the site, they don't say how much. The performance fee is 25%. In...
  5. J

    Bitcoin

    I’ll let you know what I learn
  6. J

    Bitcoin

    I think I’m going to step in to the bitcoin world. I’m seriously considering an automated AI approach by joining a platform called BlocktrustIRA. Any thoughts are appreciated. https://blocktrustira.com/
  7. J

    TSP beneficiary question

    I called the Thriftline a second time. To the credit of the associate, they confirmed my concerns regarding TSPBK33 Page 11, 2nd paragraph. Heirs of TSP Beneficiary Participants cannot roll TSP to IRA. Incidentally, also recently a second financial advisor got it wrong.
  8. J

    Retiring/TSP process questions

    Dont roll to a roth IRA because they’ll tax you in a one time lump sum.
  9. J

    Retiring/TSP process questions

    Confirm this with a financial planner but heres what might be beneficial. First, roll the TSP into an IRA. With this there are multiple advantages. One is that your investment choices will be vastly increased in an IRA as compared to the TSP. Secondly, no matter what happens regarding your...
  10. J

    TSP beneficiary question

    I think the TSP rules are ridiculous! I mean seriously, think about how many TSP account owners will naturally name their spouse as the beneficiary. Then when the spouse dies, the account cannot be converted to an IRA and the next beneficiary must take full payout in a single tax year. Why is...
  11. J

    TSP beneficiary question

    Furthermore, I believe I have the documentation which confirms that a Trust can handle the task of rolling a TSP into an inherited IRA. Keep in mind that this requires that the Trust is listed as the "primary" beneficiary. Read the second paragraph of page 15 in this document > TSPBK26...
  12. J

    TSP beneficiary question

    By the way, in this whole ordeal of attempting to understand and learn the TSP death benefit distribution rules, I have gotten incomplete, confusing, misleading and punting from multiple professionals who in my opinion should know this stuff. The pros included a trust lawyer, a certified...
  13. J

    TSP beneficiary question

    I had the meeting with the trust lawyer today and they did not provide me with any clarity regarding TSP rules specifically. They sort of pretended to know with a statement of "the way I interpret this is....." They did make me aware that when a beneficiary receives benefits, that...
  14. J

    TSP beneficiary question

    I have two separate rollover Ira’s, each with a different entity that I have setup in case I need them roll into. I also have two separate individual “non-retirement” investment accounts with the same entities. I’ve been moving my TSP funds into the individual investment accounts as fast...
  15. J

    TSP beneficiary question

    Interesting thing is I asked a CFP this very question. In fact, it was a CFP on a list recommended by my Trust law firm. I gave them reference to the TSP 14-4 bulletin as well and first had a phone call, then followed up by submitting the question in writing via email. It took them two weeks...
See more
Back
Top