Re: [TSPStrategy] Maybe leaving the TSP

I thought your RMD doesn't kick in until age 72 from TSP (new rules)

On Wednesday, February 10, 2021, 12:31:04 PM EST, Sky Paxton <sky@familystones.net> wrote:

All in or out aside, ( btw I went all G in Jan) I'm looking for advice.

I turn 65 this year. It won't be long before Required Minimum Distributions kick in. I've been retired since 55 and taking out a modest 3k a month since I retired yet due largely to our many blessings and advice from this group the tsp balance has significantly increased.

My questions should I take large distributions out every year now until I'm 70 to take advantage of the favorable tax law or wait and see what the new tax rate will be in 5 years?

If I take the large distribution every year now(leaning this way), should I roll it into an IRA then convert to a Roth?  There will be a significant amount to leave to my heirs unless something dramatic changes?

Thanks and Blessings to all,

Skyler