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Re: [TSP_Strategy] retired

 

Why don't you take the one-time partial to an IRA directly so that it doesn't get taxed.  Once it is in that IRA you can take out the portion you want immediately and only that part will be regular income - the remainder will be more flexible in an IRA than that which you leave in the TSP, but I think the TSP is hard to beat.

You can always take a full withdrawal later on (after a partial) - and that can be a combination full withdrawal.

On Thu, Aug 27, 2015 at 11:34 AM, Gayle Taylor dollhousefreak@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
 

I believe I know the answer but just in case ---- 

I retired a little over 2 years ago.  So far have not touched my TSP.  I am thinking about taking the one time withdrawal to bank some and to spend some! (Hey, could be hit by a truck tomorrow, right?)

So they will tax the heck out of it unless I open an IRA, correct?

Thanks
Gayle
 


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Posted by: Ralph Architzel <rarch71@gmail.com>
Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (3)
Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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