Personally, I am 100% Roth contributions right now, but I'm not losing out on any credits. Personally, I recommend using your Traditional TSP to maximize any tax breaks and then contribute as much as possible into Roth accounts.
I'm currently active duty and I will definitely review my calculus once I transition to the civilian sector or when I promote to decide what contribution amounts are better.
No suggestion, I just endorse your plan. I do the same thing. As long as you go at least 5 years after you start Roth contributions, you should be glad you did this.
On Apr 16, 2016 3:14 PM, "Mike Tucker tuckerm83@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:I know this was discussed relatively recently, but heck if I can find it. I just switched my contributions to Roth for future tax purposes (would rather pay a little more tax now than later), but am now wondering if that's going to be the best move. I'm just north of age 50, and plan on working 10-12 more years. We are losing a couple tax deductions this year, and want to pay a little more tax during the year so that we don't owe anything next April - don't want to pay a lot more (like to nearly break even over the course of the year so we don't owe and get a small refund), but it's difficult to figure out where that break even point is. All this being said, any suggestions, tips or opinions? Thanks!
- Mike
Posted by: Allen Green <gtwhitegold@gmail.com>
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