Re: [TSP_Strategy] Roth bs Traditional TSP

 

Roth is a good move - unless it increases your taxable income to put you over the thresholds for other tax credits/reductions. For example, if you still have kids in college and can claim a tuition tax credit, depending on your income level switching to a Roth could eliminate your tax credit

From: 'jorge.rodgerston@yahoo.com' jorge.rodgerston@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>;
To: TSP_Strategy@yahoogroups.com <TSP_Strategy@yahoogroups.com>;
Subject: Re: [TSP_Strategy] Roth bs Traditional TSP
Sent: Sun, Apr 17, 2016 12:21:56 AM

 

I am 100% Roth.  You will be glad you did when you retire. Pay the taxes now while you have a full check and stay diversified in your TSP. 


 

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

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Posted by: Machiele Family <machielefamily@sbcglobal.net>
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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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