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RE: [TSP_Strategy] Giving away $$

 

Others may be able to answer this question with confidence, but my suggestion would be to ask a CPA familiar with federal retirement benefits.  Subscribe to the FERS guide for $10, and then email the author, Dan Jamison. His website is http://fersguide.com/

 

He's always been responsive to me when I had a one-off question every now and then.

 

-Ed

 

 

From: TSP_Strategy@yahoogroups.com [mailto:TSP_Strategy@yahoogroups.com]
Sent: Monday, November 09, 2015 3:58 PM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] Giving away $$

 

 

This is an IRA issue not necessarily TSP...but I need help.

 

I'm a federal employee...getting the max out of TSP, getting matching and in 2015 started a ROTH account in my TSP. I'm also a military retiree. The family situation is that my wife has a medical condition that keeps her from gettting a "regular" job. As such, she has a small business. It makes less than $25,000.00 before taxes.

 

My question is what should I have been doing all along (since the medical condition in 2009) to save for her retirement as well? Can I use my military retirement $$ to fund her retirement (whether I get any tax deduction or not). Better yet, can I just put my military retirement into some type of IRA vehicle...or am I limited by the IRS tax rules?

 

Any information would be greatly appreciated....

 

Dennis

 

 

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Posted by: "Ed Drannbauer" <edrann@gmail.com>
Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (2)
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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