Re: [TSPStrategy] Can us Feds do a backdoor Roth conversion?

Jeez...people...There is none.  Like I said this tactic is SPECIFICALLY for the wealthy, or more accurately high-income earners.  High income earners are not allowed to contribute directly (DIRECTLY) to a Roth but THEY CAN contribute to a REGULAR IRA then convert the IRA funds to a Roth. ...

Re: [TSPStrategy] Can us Feds do a backdoor Roth conversion?

What is the advantage in putting the money in a traditional account and then converting it immediately to a Roth? Why not contribute directly to the Roth? On Wed, Sep 29, 2021 at 9:38 PM Smooth1_2u via groups.io <Smooth1_2u=yahoo.com@groups.io> wrote:Main thing to accumulating wealth is...

Re: [TSPStrategy] Can us Feds do a backdoor Roth conversion?

Main thing to accumulating wealth is maxing out your TSP, then create a Traditional IRA and then Roth IRA. Put in some money (I.e. $500/month) in your Trad IRA, and then a week after, move those funds over to your Roth IRA.if you contact your brokerage like Etrade, Vanguard, or TD Ameritrade, they...

Re: [TSPStrategy] Can us Feds do a backdoor Roth conversion?

I's go to the source call TSP.   Your will have to pay taxes at regular income rates.   I did it  in IRAs but did it over several so I wouldn't go over in to the next higher bracket.  _._,_._,_ Groups.io Links: You receive all messages sent to this group. ...

Re: [TSPStrategy] Can us Feds do a backdoor Roth conversion?

No...thats reserved for the wealthy Sent via the Samsung Galaxy S9, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "Ardon Kharpuri Mukhim via groups.io" <akharpuri=yahoo.com@groups.io> Date: 9/28/21 6:10 PM (GMT-07:00) To: TSPStrategy@groups.io Subject:...

[TSPStrategy] Can us Feds do a backdoor Roth conversion?

Yahoo Finance: This Back-Door Retirement Strategy Goes Away Jan. 1 – Did You Even Know About It?. https://finance.yahoo.com/news/back-door-retirement-strategy-goes-133830627.htmlI have my regular tsp 401k...can I convert all of it to roth tsp?They say the employer must allow it first...anyone know...

Re: [TSPStrategy] October 1st & Fed Actions

There's a single party of reaganite tools who are invested in making the nonviolent government services function poorly (in an effort to cut them).  Unsurprisingly, they are the 'force the government to shut down for made up reasons' party.  Sorry to any sensitive government employees who...

Re: [TSPStrategy] October 1st & Fed Actions

Who cares about who did  in the past...one is party plans to impead this bill simply  by not lifting a finger.  Not about country, strictly about getting elected.   _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2717) |...

Re: [TSPStrategy] October 1st & Fed Actions

At least I'm not thinking partisan, just the facts. It's possibly it'll all turn into a situation that may be either NBD or increased pains as compared to the past. October isn't here yet, but I'm looking forward to November and hopefully some of this uncertainty will...

Re: [TSPStrategy] October 1st & Fed Actions

Just in case anyone thinks government shutdowns and the lack of a budget is the unique property of any one party…" Congress has completed appropriations before the start of the fiscal year only 4 times in the past 40 years. The last time Congress completed all bills on time was 20 years ago, in...

Re: [TSPStrategy] October 1st & Fed Actions

Thanks for those who provided feedback. I guess we'll see how things go. Yellen has already taken measures that "affect" the TSP (G fund). Let's see what happens in the Senate vote this evening (5:30pm) - that'll address the shutdown potential and debt...

Re: [TSPStrategy] October 1st & Fed Actions

Absolutely agree!  I hope the Dems can pull this off.  They’re the only party with enough power to avert the shutdown, all on them.  _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2713) | Reply To Group | Reply To Sender ...

Re: [TSPStrategy] October 1st & Fed Actions

Here we go again. Btw the actual details of that 3.5 trillion spending bill are appalling.  As if 130% debt to GDP and runaway inflation wasn't bad enough already! From: TSPStrategy@groups.io <TSPStrategy@groups.io> on behalf of winfield100 via groups.io <winfield100=yahoo.com@groups.io>...

Re: [TSPStrategy] October 1st & Fed Actions

AAdding partisan to windbag?Sent via the Samsung Galaxy S9, an AT&T 5G Evolution capable smartphone-------- Original message --------From: "winfield100 via groups.io" <winfield100=yahoo.com@groups.io> Date: 9/26/21 8:45 AM (GMT-07:00) To: TSPStrategy@groups.io Subject: Re: [TSPStrategy]...

Re: [TSPStrategy] October 1st & Fed Actions

Whom is this "they always dip into the G fund if there is a shutdown"It looks like 1 party is responsible for shutdowns and financial chaos.On Sep 26, 2021, at 10:22 AM, Dave in Dallas <datruedave+GroupsIO@gmail.com> wrote:On Sat, Sep 25, 2021 at 08:20 PM, JOHN HOLLIS wrote: Seems like...

Re: [TSPStrategy] October 1st & Fed Actions

On Sat, Sep 25, 2021 at 08:20 PM, JOHN HOLLIS wrote: Seems like for the first time ever even the G fund isn’t a safe place to park (if there’s a default). They always dip into the G fund when there's a government shutdown.  They have to restore it when funding is restored, too.  The only...

Re: [TSPStrategy] October 1st & Fed Actions

Seems like for the first time ever even the G fund isn't a safe place to park (if there's a default).On Sep 24, 2021, at 3:33 PM, Paul Kusen via groups.io <Paulkayporsha=yahoo.com@groups.io> wrote:As a hedge bought some VIX calls on trading platform for the month of Oct. - also went to mostly...

[TSPStrategy] Best Dates to Retire 2022

Best Dates to Retire 2022 By Tammy Flanagan September 23, 2021 Timing is everything when it comes to retirement planning. If you retire too early, you might find you’ll have to tighten your belt or start a second career. If you wait too long, you might miss out on some of the joys of being retired,...

Re: [TSPStrategy] October 1st & Fed Actions

As a hedge bought some VIX calls on trading platform for the month of Oct. - also went to mostly G. One thing certain in Congress - gridlock _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2706) | Reply To Group | Reply To Sender | Mute...

Re: [TSPStrategy] October 1st & Fed Actions

I am a bit conservative and already met my earning goals for year. I went into C and S today  at 15% each. I wanted to wait until after FOMC meeting to make sure everything held. I am going to look again at going 100% G around Sep 30 depending on a CR or shutdown.On Sep 23, 2021, at 10:39 AM,...

[TSPStrategy] October 1st & Fed Actions

Interesting times with the Oct 1 date just days away and the potential effect of several things - shutdown, debt ceiling - potential suspensions of annuities (SS & pension) and its effect to the market. Yellen already took some of the extraordinary measures,...

[TSPStrategy] Four Rules for Picking a Retirement Date

Four Rules for Picking a Retirement Date By Tammy Flanagan September 16, 2021 Next week, I’ll present the annual Best Dates to Retire calendar, showing the optimal dates to move on in 2022. But before you see that, there are some rules for picking a date that are handy to know. Rule No. 1: Look...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Thanks for the article.  These myths never die...probably because Wall Street and their politicians want your money... _._,_._,_ Groups.io Links: You receive all messages sent to this group. View/Reply Online (#2702) | Reply To Group | Reply To Sender | Mute This Topic | New...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Thanks Jay.On Sep 6, 2021, at 7:30 AM, Jay Stevenson <ajayon@msn.com> wrote:Here's an article on Social Security myths. https://www.thepennyhoarder.com/retirement/social-security-shortfall/?aff_id=86&aff_sub3=20210903&aff_unique2=ITR-9fcae452-1752-45b1-8c84-69bd496b9fae&utm_medium=email&utm_source=daily&utm_campaign=20210906&utm_content=retirement&sms=No,...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Here's an article on Social Security myths. https://www.thepennyhoarder.com/retirement/social-security-shortfall/?aff_id=86&aff_sub3=20210903&aff_unique2=ITR-9fcae452-1752-45b1-8c84-69bd496b9fae&utm_medium=email&utm_source=daily&utm_campaign=20210906&utm_content=retirement&sms=...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Probably.  I think "means testing" (e.g. your benefit gets reduced if you have other income or assets) is a real possibility.The other alternative is raising taxes but Congress even now is considering spending $3.5 trillion that the government will have to get from somewhere (likely by just printing...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

And this is all based on the fact we will have a solvent Social Security system in the future. Last numbers I saw was SSA was headed for insolvency in 12 years.  I wonder if we should be worrying about that variable as well? _._,_._,_ Groups.io Links: You receive all messages sent to...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

img alt="Inline image" class="yahoo-inline-image" data-id="" draggable="false" src="cid:df120f7d-e012-9e55-ba68-6e62d4437df4@yahoo.com" style="max-width: 800px; width: 100%;" title="Inline image">and 66 vs 70. break even. cross over is about age 83, assuming $2,000/month and no COLA'simg...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Try these two calculators. Before you start, get your most recent SSA statement with your work history. https://ssa.tools/http://opensocialsecurity.com/On Sat, Sep 4, 2021 at 9:08 AM scsi_guru via groups.io <scsi_guru=yahoo.com@groups.io> wrote:Run your numbers through one of the SS break...

Re: [TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

Run your numbers through one of the SS break even calculators and that will provide all the information you need to make a decision.  No one in my family has lived past age 83 so I know for me I'll take it as soon as I can.  YMMV. _._,_._,_ Groups.io Links: You receive all messages...

[TSPStrategy] Off Topic: Your thoughts on this Social Security Article- Delaying payments

https://www.fool.com/investing/2021/09/03/claiming-social-security-at-67-you-may-need-to-ret/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article (Yes there is an ad at the bottom of the aeticle- just ignore it) _._,_._,_ Groups.io Links: You receive...