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Re: Saving w/ Tax Benefits. TSP vs ROTH

I've increased my TSP allotment to 19% (a little under $17.500 and will make year end adjustments) for 2013 and any left over savings availability will be used to refund my outside savings account. I've found that, when maxing out the TSP, a fixed amount is easier to work with than a percentage of ...
by LottaQuestions
Wed Feb 06, 2013 5:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Re: Saving w/ Tax Benefits. TSP vs ROTH

Hello All! Sorry for my delay in responding back. Based on some more research, my desire to max them both out (inability to make a decision, so just do both!) and other circumstances, I've decided the following regarding this question. I've read articles saying I can use my ROTH as an addition to my...
by LottaQuestions
Mon Feb 04, 2013 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Re: Saving w/ Tax Benefits. TSP vs ROTH

If it helps with feedback. I can provide 2011 taxable income, exemptions and what I believe to be my tax rates, as well as projected 2012 information.
by LottaQuestions
Mon Jan 28, 2013 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Re: Saving w/ Tax Benefits. TSP vs ROTH

You have two decisions to make: Roth versus Traditional, and TSP versus IRA if the Roth is reasonable. What state do you live in, and do you intend to retire there? If you are paying 25% federal plus a high state tax (such as 8.5% in DC, or 7.95% in the Maryland suburbs of DC), and you might retire...
by LottaQuestions
Mon Jan 28, 2013 10:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Re: Saving w/ Tax Benefits. TSP vs ROTH

Following up on the earlier reply, this might apply to you if you wind up with a pension: http://thefinancebuff.com/most-tsp-participiants-should-switch-to-the-roth-tsp.html Did you know there is now a Roth TSP? I am aware of the ROTH TSP, but hadn't given much thought to it since I'm already maxin...
by LottaQuestions
Mon Jan 28, 2013 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Re: Saving w/ Tax Benefits. TSP vs ROTH

My suggestion would be continue to max out a Roth IRA and put whatever else you can save into the Traditional TSP for now. You want to have some Roth savings because if you will be getting a DB pension in retirement that will fill up much of the lower brackets, and any withdrawals from your TSP wil...
by LottaQuestions
Mon Jan 28, 2013 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

Saving w/ Tax Benefits. TSP vs ROTH

The site said no question is too simple, so here it goes. The first post of many... How (TSP vs ROTH) should I be saving for my retirement - not getting into fund types/risk etc yet (just the vehicle)? The argument of before tax TSP vs. after tax ROTH. 29 year old FED, with a minimum of 21 years unt...
by LottaQuestions
Sun Jan 27, 2013 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving w/ Tax Benefits. TSP vs ROTH
Replies: 21
Views: 1625

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