================================
Get the PDF version of my Tax Bomb book for free follow this link.
Get my books on Audible here:
Was this video worth a buck or two? Donate a cup of coffee here:
Want to support what I’m doing for $10 a month? Join my SubscribeStar page.
Be on the lookout for my 4th book coming out soon, YOU CAN RETIRE ON SOCIAL SECURITY!
If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please!
Don’t forget to SUBSCRIBE by clicking here:
My Amazon Product page:
Anything you buy there Amazon pays me a commission. Much appreciated!
Contact me: Josh@heritagewealthplanning.com
GET MY BOOKS:
ALL are FREE to Kindle Unlimited Subscribers!
The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It
Strategic Money Planning: 8 Easy Ways To Put Your House In Order
State by State Tax Guide For Retirees:
GET ALL MY LATEST BLOGPOSTS:
PODCAST:
LET’S SOCIALIZE!
Facebook:
Linkedin:
Quora: …(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
I have 4 years until I retire I have a roth and conventional ira setup inside my tsp. I am still activily partisipating. Can i transfer the balances out of tsp to say my shwab iras now even though I am activity employed and getting the 5% match? I would then leave it in tsp until i gained 5k then wipe the cash out with a transfer to schwab.
The awkward laughing makes the video cringe and severely undermines any information you may be sharing
If you're invested in a Lifecycle fund you should be able to withdraw an amount monthly and you'll stay balanced. That sounds pretty easy to me and it's the route I plan to take in retirement. Anybody have thoughts on that? Thanks.
One reason to not rollover to an IRA is the 59 1/2 rule doesn't apply to TSP if you retire after 55.
I’m in the TSP and I’m withdrawing once I retire. More options and I can do what I want with my money!
For me the G fund alone is worth the TSP. I get the current 10 year rate and no 10 year commitment. My cash bucket is the G and I make it work….its easy.
The real reasons to move out of TSP are that you can only take distributions as an annuity or lump sum. This greatly limits your drawdown flexibility. The fees are really low but the inability to move portions of your holdings is a deal breaker.
Agree, of stocks are down one would only want to take from the G fund, or conversely leave the G funds alone and take money from C, S & I when they are up. A prorated withdraw takes from all accounts. So TSP does not work with the bucket approach. But what about using TSP only for G or only for C, S & I? A bucket approach with one bucket still in the TSP.
Don’t you lose protection when it’s taken out of the 401k?
One reason to keep a TSP. It sounds like you can rollover eligible retirement accounts (everything but Roth IRA) balances into the TSP even after you leave the government job. https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/RolloversTransfers/eligibility.html It might be worth keeping open a small account for people planning on doing mega backdoor Roth with after-tax contributions. They would be able to move the Traditional IRA back into the TSP and eliminate the pro-rata trap.
Also RMDs are still required with the Roth TSP.
If TSP takes equally from each fund, It would add a step, but couldn't you just adjust allocation after the withdrawl?
Could you provide more info on Roth conversions? How to ,good funds, ext.