Maricar19 Account Talk

Which TSP option/s did or will you choose upon Retirement?

  • Total voters
    117
Sort by newest Sort by date
SL, I intend to do what you did with your TSP - roll over 50% of my TSP to a Roth IRA. Still looking for a good brokerage. Leaning towards Vanguard.
I don't intend to touch my retirement funds until my husband retires in 2.5 years.
However, just in case I would need the money before I reach 59.5 years old, I am leaving 50% of my retirement funds in TSP.

I think, with Vanguard, your transfers are limited, too. I have to check on this.

"...I've focused on a conservative allocation of "buy-and-hold" stocks and funds, with a target of a 4% dividend.." Does your statement mean that you are not in a mutual fund or index fund? You picked your own stocks (with dividends)?

 
Maricar19 said:
SL, I intend to do what you did with your TSP - roll over 50% of my TSP to a Roth IRA. Still looking for a good brokerage. Leaning towards Vanguard.
I don't intend to touch my retirement funds until my husband retires in 2.5 years.
However, just in case I would need the money before I reach 59.5 years old, I am leaving 50% of my retirement funds in TSP.

I think, with Vanguard, your transfers are limited, too. I have to check on this.

"...I've focused on a conservative allocation of "buy-and-hold" stocks and funds, with a target of a 4% dividend.." Does your statement mean that you are not in a mutual fund or index fund? You picked your own stocks (with dividends)?
Click to expand...

Maricar, Aren't the Roth IRAs taxable if rolled over from the TSP?
 
I think the distribution from my TSP will be taxed because it is coming from a Traditional TSP. I don't think there is any way around the taxation part unless I roll it over to a traditional IRA.
I am not sure, I haven't spoken to a financial advisor yet.

However, once rolled into a Roth, it inherits the Roth's advantages like there is no RMD, and then I am hoping that my beneficiaries can do a stretch IRA.

Scout333 said:
Maricar, Aren't the Roth IRAs taxable if rolled over from the TSP?
Click to expand...
 
Pennsylvania: SS, federal civilservice, military retirement benefits andother employer-sponsored retirementplan benefits exempt. Distributionsfrom IRAs, if age 59½+, are exempt.
 
Not bad, I retired 4/30/2016 and my case has been finalized as of 7/12/2016.
I will be receiving my regular pension checks starting 8/1/2016 (supplement included).
 

Attachments

2. You can withdraw Roth IRA contributions whenever you want, tax- and penalty-free. On his site, financial planner Tim Maurer writes about The Three Guarantees in Financial Planning, which he says are surprises, change and failure. And he says that the Roth IRA offers the liquidity you'll need to deal with those three guarantees. "Roth IRAs are unlike any other retirement investment bucket, for lack of a better term, as you're allowed to back money out of the account for any reason at any time at any age and without any tax consequences or penalties."

Read more at 8 Reasons You Need a Roth IRA Now-Kiplinger
 
Wow, nice move. I'd say a stop just below yesterday's low would be a good idea if you don't want to sell yet. Looks like it's trying to make new highs today.
 
You must log in or register to reply here.

Similar threads

WorkFE
TSP Secure 2.0
Replies
1
Views
2K
evilanne
evilanne
TommyIV
  • Article Article
TSP Talk AutoTracker Insights: TSP Investors Lock in Gains
Replies
1
Views
550
tsptalk
tsptalk
TommyIV
  • Article Article
G-Fund Allocations on the Rise in TSP Talk AutoTracker
Replies
0
Views
485
TommyIV
TommyIV
NewsFeeder
Fed's Williams says inflation is too high but will start coming down soon
Replies
0
Views
136
NewsFeeder
NewsFeeder
tsptalk
  • Article Article
TSP Talk - The PPI was good, can the CPI keep cool?
Replies
0
Views
249
tsptalk
tsptalk
Back
Top