Tag: Roth IRA
“Can I Transfer My Roth IRA To My Roth TSP?”
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“Can I Transfer My Roth IRA To My Roth TSP?”

Here's a great reader question on getting the most out of your Thrift Savings Plan: I frequently read your website and find your advice very helpful, and I am looking to make some money moves that I'm not sure are possible. I have a Roth IRA with a lot of money in it, and a Roth TSP with a lot less money in it. I ...

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How (And Why) To Transfer Your TSP To An IRA
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How (And Why) To Transfer Your TSP To An IRA

After years of military retirement, my spouse just transferred her Thrift Savings Plan to a traditional IRA. That's the first step in converting the TSP funds into a Roth IRA. ... instead of the TSP It's taken us nearly three decades to get to this point. We started contributing to our traditional IRAs in 1986. ...

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TSP Tax-exempt Rollovers and Withdrawals
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TSP Tax-exempt Rollovers and Withdrawals

A reader writes: "Hey Nords! First, I just want to say thank you for your service and all the great things you do for the military community. I served a couple enlistments and I went on two deployments. While overseas I was able to save about $4000 tax exempt in my Thrift Savings Plan. I am no longer in ...

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Start a Roth IRA For Your Kid
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Start a Roth IRA For Your Kid

Now that the 2013 tax planning is over, let's talk about 2014. A reader asks: I think you mentioned before that you set up an IRA for your daughter. How did you account for wages and a W-2? Did she work for you or earn income from someone else? I've set up a Roth IRA for our teen for work done around the house, but ...

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How Should I Invest During Retirement?
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How Should I Invest During Retirement?

A reader writes: "I would like your opinion on an investment strategy. I'm sure you cringe at anyone who asks for investment advice, however, this question is very big picture. I have five years before I retire and I am considering discontinuing my investing in our Roth IRAs and my Thrift Savings Plan and just ...

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Ask your Dad if you should contribute to the Roth TSP.
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Ask your Dad if you should contribute to the Roth TSP.

    This guest post is brought to you by Eddie Wills. My dad just turned 70 ½. It's a major milestone in the eyes of the IRS, as it marks the calendar year he must begin taking Required Minimum Distributions (RMD's) every year from his Individual Retirement Account (IRA). To celebrate this major ...

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Starting your kid’s Roth IRA
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Starting your kid’s Roth IRA

Source: goodfinancialcents.com via Jeff on Pinterest   Earlier this month, noted CFP & military veteran Jeff Rose was running a financial seminar with a roomful of college students. These seniors are graduating in a couple of months to (hopefully) earn the big bucks for their retirement accounts. He ...

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Is the Roth Thrift Savings Plan right for you?
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Is the Roth Thrift Savings Plan right for you?

The Thrift Savings Plan "Highlights" newsletter came out last month with an update on the annual expenses of their six type of index funds: 0.025%. Two-and-a-half basis points. 25 cents of expenses for every thousand dollars in your TSP account. As far as I've been able to learn, that's America's cheapest collection ...

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