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
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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
-=-=-=-=-=-=-=-=-=-=-=-
Groups.io Links: You receive all messages sent to this group.
View/Reply Online (#2179): https://groups.io/g/TSPStrategy/message/2179
Mute This Topic: https://groups.io/mt/80537565/5159521
Group Owner: TSPStrategy+owner@groups.io
Unsubscribe: https://groups.io/g/TSPStrategy/leave/9090814/878018705/xyzzy [prefander.leadersworkshop@blogger.com]
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