RE: [TSP_Strategy] Maxed out Retirnent accounts

 

Yes me and the wife are close to the income cap to be able to contribute to a Roth IRA. I was not really aware of this back door.

While gross we are close after TSP deduction we are safe for now. But with raises and other things it might get close.

Ok so I can put money into a traditional IRA then convert it to a ROTH? Since I am not deducting anything on my taxes and I already paid my taxes on it what is the downside?

Assuming I put money in and immediately change it over?

i already pay extra on the house. It will be paid off 3 months before my 25yr full Retirment date.( law enforcement)

With the low interest rate not a big priority to pay off sooner.

We also fund $2000 each to 529b college accounts as 4000$ is deductible on state taxes in Arizona.

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Posted by: charleswsmith1@yahoo.com

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Ditulis oleh: Andriansyah -