RealMoneyIssues' Account Talk

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MrJohnRoss said:
For the perception of a "safe haven" away from riskier assets.

If the ship is sinking, the rats will climb on board the lifeboats. Get on board first if you think the ship is sinking. Oh, and bring some rat traps. :D
Click to expand...

Sure, sure, sure... But I will still be negative for the year as of today... stupid me... I think I am going to hang out with BT and his BS... better on my sanity...
 
MrJohnRoss said:
For the perception of a "safe haven" away from riskier assets.

If the ship is sinking, the rats will climb on board the lifeboats. Get on board first if you think the ship is sinking. Oh, and bring some rat traps. :D
Click to expand...

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Warren Buffett
 
So, since the market is going counter to my positions in TSP, I did a <1% IFT on Tuesday, which worked... and did another today so I go into February a little different than AT shows :)
 
RealMoneyIssues said:
Well, trying to nuke out when I need to change my TSP contribution from standard to ROTH so it hits in March (first full month overseas)...

Seems like any change to TSP takes a month to show up on the LES.

Definitely want to take advantage of the tax free while it still exists (IDP is gone June 1, 2014).

Thoughts?
Click to expand...

Small change requiring a question...

The ROTH IRA limit is $5,500 a year and the TSP Roth limit is $17,500...

I was thinking that I might open a TDA ROTH IRA for the first $5,500 and then put the rest in TSP ROTH... At least that would give me more options in the IRA than in TSP, yet still maximize my tax free option...

Thoughts?
 
Sounds like a good idea to me, assuming the limits are completely separate, which I would assume, but I wouldn't have any idea.
 
That sounds like a great idea - just stay away from that G fund and you'll do fine. A Roth IRA does provide more options without any paper work to the IRS - what a jewel. A conversion Roth IRA rollover from a traditional IRA is an even better option. I believe the ceiling AGI caps were removed several years back. Just do the rollover to the Roth IRA in steps to keep taxes low as possible. Or you could be supremely content with the new Obama MyRA - not likely though.
 
RealMoneyIssues said:
Small change requiring a question...

The ROTH IRA limit is $5,500 a year and the TSP Roth limit is $17,500...

I was thinking that I might open a TDA ROTH IRA for the first $5,500 and then put the rest in TSP ROTH... At least that would give me more options in the IRA than in TSP, yet still maximize my tax free option...

Thoughts?
Click to expand...
Aren't these additive where might have to keep TSP to $12000 for IRS IRA limit? Just wondering.
 
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