How are you establishing a Roth IRA for your kids if they have no or low earned income? Or have I misunderstood and the suggestion is to use your Roth nest egg for the kids college? Myself (and many friends) opened the roth ira under our names but its for the kids college (or wedding, or first hous...

KTSPcalc wrote: ↑Thu Dec 09, 2021 8:51 pm They have foreshadowed tapering for months and months and Powell has been getting more and more explicit about it happening. I'd like to think that tapering is priced in, but markets are often irrational so who knows.

this

My understanding is that some will roll their tsp to an IRA for better control of their funds/more investing options/possibly better estate planning options. There are no "obvious" reasons for inflation and growth as both can be planned for it. You can lose your shirt in both or gain nicel...

thanks for that information Aitrus! I also passed this along to my coworkers so they are aware for their spouses that work here.

sorry I don't know the answer, but I too live in WA state; and my coworkers and I contacted the state when this was first announced, and as Federal employees we are exempt from the requirement. You probably already know that though

85208 has 23% time in F, 18-G, 20-C, 36-S

Unfortunately you can't convert Traditional TSP money to Roth TSP. You can only change where your future TSP contributions go. Roth TSP money IS subject to RMDs. Roth IRAs are NOT subject to RMDs. If you're converting Traditional IRA money to a Roth IRA, just don’t convert any more than you can pay...

but on this topic: I'm hoping for at least 4% cola come January; I don't expect we'll receive close to 6%

shoot; as soon as I hit my 30 years at 58.5 i'm retiring. I have a little over 13 years left I have two soon to be 8 year olds as well; just takes planning and a bit of hope decent returns continue. And I don't max out my tsp either.

congrats DogPyle71! Must feel good.

I'm assuming (terrible I know) he was talking about the pension (FERS and pension).

ahhh good to know thanks

and AL payout for a little pocket change roughly the max 240hrs is $15k I found out this morning.

congrats! you are doing quite well and will retire happy it looks. You can also take the social security supplement early, if you wanted that is. Our pension portion is roughly 1% x Years of Service x High 3; but the longer you work over 30 years the 1% becomes 1.1% at some point, I forget.

I thought about the same and am trying it for a second time this year; as at each move I didn't like F or G. The first try earlier this year I came out ahead; but this second, current time; F is ahead. So not large data points but an intriguing alternative for sure.