Search found 10734 matches

by Spirit Rider
Wed Jul 17, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: FSA/HSA for Newlyweds
Replies: 4
Views: 258

Re: FSA/HSA for Newlyweds

How would I determine whether coverage through her FSA begins on the date of marriage? Plan documents? Is the implication of this question that it is possible for the FSA documents to say that for married individuals your spouse's expenses are covered retroactive to a date prior to your marriage? T...
by Spirit Rider
Wed Jul 17, 2019 9:55 am
Forum: Personal Investments
Topic: 401 Rollover Questions...
Replies: 6
Views: 291

Re: 401 Rollover Questions...

@retiredjg is correct and his link from tfb's website is the best description on 401a plans I have seen. There are three types of contributions to a 401a plan. Employer pre-tax contributions (tfb A). Employee automatic (tfb B) or opt-in (tfb C) mandatory pre-tax contributions. Employee after-tax con...
by Spirit Rider
Tue Jul 16, 2019 9:06 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 24
Views: 1582

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Unfortunately, there is no way for Vanguard to set up reoccurring transfers, it would have to be done manually each month through Vanguard. I kind of figured this, but still a bit of a bummer. That is correct the source SIMPLE IRA custodian controls the trustee -> trustee transfer process. Usually ...
by Spirit Rider
Tue Jul 16, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 80
Views: 10906

Re: Tax Reform - Revised Kiddie Tax

I think it should say 'the first $1,050 (the amount up to the kiddie tax unearned income threshold) is taxed at 10%'. If I get it right, you have standard deduction taxed at 0%, the next $1,050 at 10% and then the estates/kiddie tax Actually for 2018, it is effectively $2100 - the unearned income p...
by Spirit Rider
Tue Jul 16, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: FSA/HSA for Newlyweds
Replies: 4
Views: 258

Re: FSA/HSA for Newlyweds

What happens when we get married? Does it matter whether I get married on December 1 vs. December 31? If your coverage through her FSA begins on the date of marriage and that date was 12/1, you will be HSA ineligible for December. If your coverage begins any other day in December, you will HSA elig...
by Spirit Rider
Tue Jul 16, 2019 10:35 am
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2072

Re: Grandparent 529s

I do not suggest UTMA 529 accounts for parents unless it is to move existing UTMA accounts to avoid FAFSA assessment. UTMA 529 accounts can NOT be rolled over to another eligible family member by the custodian. They can only be rolled over by account owner once they have reached the age of UTMA term...
by Spirit Rider
Tue Jul 16, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Any gotchas converting from SEP IRA to Solo 401K?
Replies: 3
Views: 220

Re: Any gotchas converting from SEP IRA to Solo 401K?

My understanding is the solo 401k has much higher contribution limits. The downside is she needs to contribute to it during the same year we earn the income. Any gotchas to be aware of? While you must adopt a one-participant 401k and make an employee deferral election by 12/31. A self-employed indi...
by Spirit Rider
Tue Jul 16, 2019 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Tax on Unqualified 529 Withdrawal
Replies: 2
Views: 267

Re: Calculating Tax on Unqualified 529 Withdrawal

Your assumptions and results would only be correct if they were no longer college students or >= age 24. Non-qualified 529 distributions to a college student < age 24 are unearned ordinary income subject to the Kiddie Tax. They would have an unearned standard deduction up to $1100*, the next $1100 w...
by Spirit Rider
Tue Jul 16, 2019 5:19 am
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 80
Views: 10906

Re: Tax Reform - Revised Kiddie Tax

Thanks for the info. I found https://www.irs.gov/pub/irs-drop/rp-18-57.pdf and it seems the taxes for estates are the same than for 2018 (bottom of https://fairmark.com/general-taxation/reference-room/tax-brackets/2019-tax-brackets/) What doesn't really look inflaction adjusted at all (at the very ...
by Spirit Rider
Mon Jul 15, 2019 12:47 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2072

Re: Grandparent 529s

To drill down further...Does this all assume that only one student is attending college at one time? Would child 1's grandparent-owed 529 distributions impact child 2's FA award? Parental assets include all 529 plans of all children. Third party 529 distributions and other gifts are only untaxed in...
by Spirit Rider
Mon Jul 15, 2019 12:30 pm
Forum: Personal Investments
Topic: Best strategy to deal with a (spousal) inherited IRA?
Replies: 2
Views: 471

Re: Best strategy to deal with a (spousal) inherited IRA?

Here are the main differences: Inherited IRA RMDs are required by the later of the year following the year of death or the year the decedent wouldhave turned 70 1/2. Distribution or RMDs or more are not subject to the 10% early withdrawal penalty. Your beneficiaries must use your divisor in the year...
by Spirit Rider
Mon Jul 15, 2019 11:22 am
Forum: Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 41
Views: 2927

Re: E-Trade and mega backdoor Roth

Etrade does support an In-Plan Roth Rollover (IRR) option, but that or in-services rollovers is only 1/2 of a Mega Backdoor Roth. The plan must support employee after-tax contributions. However, here is the relevant section from the Etrade one-participant 401k plan document. "Nondeductible Employee ...
by Spirit Rider
Sun Jul 14, 2019 10:17 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2072

Re: Grandparent 529s

Keep in mind the rules regarding FAFSA financial aid, if the parents/students will be eligible. 529 accounts owned by one of the parents or student are considered parental assets and assessed at a maximum rate of 5.64% for purposes of the FAFSA Expected Family Contribution (EFC). Distributions are n...
by Spirit Rider
Sun Jul 14, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Switched to 1099 Income - Forming S Corp/LLC
Replies: 2
Views: 221

Re: Switched to 1099 Income - Forming S Corp/LLC

You get to make your post, but you do not get to dictate the responses. Especially, since no debate is necessary. Unless you have extraordinary circumstances there is no way that a $50K salary on $175K in business profit is remotely "reasonable compensation. I have no idea where you got the idea tha...
by Spirit Rider
Sun Jul 14, 2019 8:24 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 80
Views: 10906

Re: Tax Reform - Revised Kiddie Tax

The inflation adjustments for 2019 tax brackets were released in IRS revenue procedure 2018-57 on 11/15/2018. SECTION 3. 2019 ADJUSTED ITEMS Page 8, .01 Tax Rate Tables. For taxable years beginning in 2019, the tax rate tables under §1 are as follows: Page 10, TABLE 5 - Section 1(j)(2)(E) – Estates ...
by Spirit Rider
Sun Jul 14, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 80
Views: 10906

Re: Tax Reform - Revised Kiddie Tax

For 2019, both the unearned income standard deduction and the amount taxed at the dependent's rate were increased to $1100. The 2019 total possible tax-free limit is $2200 + $2650 = $4850.
by Spirit Rider
Sun Jul 14, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Open solo 401k for large rollover purpose?
Replies: 7
Views: 315

Re: Open solo 401k for large rollover purpose?

Fidelity business retirement plan specialist told me to talk to a tax specialist as he wasn’t sure if my solo 401k would be considered a tax shelter given low level of contributions and high roll in amount. My tax specialist is more of a tax preparer... One-participant 401k providers tend to be con...
by Spirit Rider
Sun Jul 14, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Open solo 401k for large rollover purpose?
Replies: 7
Views: 315

Re: Open solo 401k for large rollover purpose?

You need to clarify that the $1K - $2K of "non-W-2 income" is self-employment earned income (business profit - 1/2 SE tax) and not passive income. The seminal Higgins v. Commissioner SCOTUS and subsequent court rulings have held; "to be considered engaged in a trade or business. You must have a good...
by Spirit Rider
Sat Jul 13, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Donations from IRA
Replies: 4
Views: 272

Re: Charitable Donations from IRA

I know if I withdraw money from my standard IRA, and then make a cash donation to a charity, I will pay income tax on the amount withdrawn. Not necessarily true. If you already have enough itemized deductions. It is still a charitable donation that can be claimed on Schedule A reducing your taxable...
by Spirit Rider
Fri Jul 12, 2019 10:15 pm
Forum: Personal Investments
Topic: Engineer to Potato farmer? What are retirement options?
Replies: 11
Views: 1490

Re: Engineer to Potato farmer? What are retirement options?

What are some retirements plans we could start on the farm? We do have other employees but probably can't offer retirement benefits to the normal employees. Possible retirement plan types are SEP IRA, SIMPLE IRA and 401k. All eligible employees must be allowed to participate and receive any employe...
by Spirit Rider
Fri Jul 12, 2019 9:38 pm
Forum: Personal Investments
Topic: transferring money from an IRA acct into a new IRA acct. with a check
Replies: 24
Views: 1319

Re: transferring money from an IRA acct into a new IRA acct. with a check

This idea of transferring via a check written on an IRA account, is it different for a "traditional" vs a ROTH, where taxes have already been paid? I wouldn't do it for a traditional, but I'm wondering about a ROTH. Doesn't matter whether this is a traditional IRA or Roth IRA. A check written on an...
by Spirit Rider
Fri Jul 12, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Drop DW's HSA and get onto my own PPO?
Replies: 7
Views: 320

Re: Drop DW's HSA and get onto my own PPO?

Disadvantages: 1. I'd have to pay $30/month for my PPO but only the first year. If you are planning on remaining with this employer, this is a trivial expense. 2. DW and two children could still contribute 7k/year without me on HSA. Is this correct? Yes, the HSA family plan contribution limit is fo...
by Spirit Rider
Fri Jul 12, 2019 10:38 am
Forum: Personal Investments
Topic: Just discovered we may not be eligible for Roth IRA anymore
Replies: 37
Views: 3224

Re: Just discovered we may not be eligible for Roth IRA anymore

Not to mention the advantage of the Roth IRA is it is additional tax-advantaged contribution space. Why are you resistant to the suggestions by many previous replies in this thread. Determine if you and your spouse's 401k plans accept IRA rollovers. If so, you can rollover all pre-tax IRA assets to ...
by Spirit Rider
Fri Jul 12, 2019 10:01 am
Forum: Personal Investments
Topic: Required Minimum Distribution Questions
Replies: 8
Views: 1023

Re: Required Minimum Distribution Questions

This was an interesting question. Are there retirement accounts or in fact, only one retirement account? Actually, the very good summary, provided in the article referenced below, would lead me to question the retirement administrator’s actions. https://www.investopedia.com/articles/retirement/04/1...
by Spirit Rider
Fri Jul 12, 2019 7:20 am
Forum: Personal Investments
Topic: Required Minimum Distribution Questions
Replies: 8
Views: 1023

Re: Required Minimum Distribution Questions

It is not uncommon for custodians to require RMDs to come proportionally from all holdings.

However, it is irrelevant in a tax-advantaged account. You can always adjust your account holdings after this occurs. In fact, I know many people who schedule their rebalancing after taking their RMDs.
by Spirit Rider
Thu Jul 11, 2019 10:26 pm
Forum: Personal Investments
Topic: IRA -> i401K at VG using Amended Plan held by VGI, non-brokerage acct
Replies: 2
Views: 223

Re: IRA -> i401K at VG using Amended Plan held by VGI, non-brokerage acct

I will refer to the Individual 401k mostly as i401K for brevity. Individual 401k is not a generic term. Individual 401k is a marketing term used by Vanguard and some others, Solo 401k is a marketing term used by still others and Fidelity uses Self-Employed 401k. The actual generic term used by the ...
by Spirit Rider
Thu Jul 11, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3831

Re: Why Is Cord Not Included?

OT, but that’s the one company I wish that I had worked for. Instead of yelling at kids to get off my lawn, I yell at young techies that VMS is a better OS than anything they’ve ever worked on :D OK, now you’ve opened the door. I was a VMS sysmgr in the day. When Cutler left and went to MS, the jok...
by Spirit Rider
Thu Jul 11, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Aftertax Earnings 401k Rollover to Roth Question
Replies: 10
Views: 531

Re: Aftertax Earnings 401k Rollover to Roth Question

I rollover my after tax earnings to my Traditional IRA at Vgrd and rollover my after tax contributions to my Roth IRA at Vgrd. Vanguard and my employer told me this was the best approach, as it keeps the two contribution types separate. I send Vgrd two separate checks and they seem to have no probl...
by Spirit Rider
Thu Jul 11, 2019 4:24 pm
Forum: Personal Investments
Topic: Just discovered we may not be eligible for Roth IRA anymore
Replies: 37
Views: 3224

Re: Just discovered we may not be eligible for Roth IRA anymore

There has to be a way to have those dollars, or a portion of them, diverted into another account/living trust/entity that has less tax consequence. I'll admit that I'm not well-versed in the more complicated strategies of reducing taxes, but this sounds like the type of scenario Robert Kiosaki talk...
by Spirit Rider
Thu Jul 11, 2019 4:16 pm
Forum: Personal Investments
Topic: Just discovered we may not be eligible for Roth IRA anymore
Replies: 37
Views: 3224

Re: Just discovered we may not be eligible for Roth IRA anymore

My reading of your MAGI will be: You: $127K salary - $19K 401k deferral - $3.5K HSA + LLC income ~$40K* ~= $145K. Note: Standard or itemized deductions are below the line and do not reduce your AGI/MAGI. Spouse $15K - ~$14K** 401k deferral + ~$115K LLC/Trust income = ~$115K Total ~= ~$145K + ~$115K ...
by Spirit Rider
Wed Jul 10, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1014

Re: Limit on combined retirement contribution?

Limit on 457 is the same as on 403, but they are not included in the 56k overall contribution limit calculation, afaik. The 457b employee elective contribution limit and the employee + employer contribution limit is separate from but equal to the employee elective contribution limit (2019 = $19K). ...
by Spirit Rider
Wed Jul 10, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Joint Venture (QJV) and Solo 401k
Replies: 6
Views: 341

Re: Qualified Joint Venture (QJV) and Solo 401k

Also, I do not think you need to issue 1099 to your wife for QJV income, it is an election you are making when filling taxes as long as circumstances apply (materially involved, etc). I did not say they needed to issue a 1099 for the QJV to allocate the income to the spouse. The OP specifically ask...
by Spirit Rider
Wed Jul 10, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Joint Venture (QJV) and Solo 401k
Replies: 6
Views: 341

Re: Qualified Joint Venture (QJV) and Solo 401k

Your wife could amend her one-participant 401k plan to add the QJV as an "affiliated employer". An alternative, you could nominee a portion of your 1099 income to your wife by issuing her a 1099 for that amount. She would then report that on her own Schedule C. Either would allow her to use the inco...
by Spirit Rider
Wed Jul 10, 2019 8:15 am
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 24
Views: 1582

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

The most important thing is to "file an election to transfer" during you open enrollment period. Verbally telling an Edward Jones employee is not sufficient. It is an absolute IRS requirement that they provide you as part of the notice/enrollment package, specific information on your right to transf...
by Spirit Rider
Tue Jul 09, 2019 10:06 pm
Forum: Personal Investments
Topic: New Employer 401k Fee
Replies: 12
Views: 442

Re: New Employer 401k Fee

jmm6486 wrote:
Tue Jul 09, 2019 10:04 pm
The funds I'm invested in all have around 0.02-0.05% expense ratios, except for one that has 0.11%.
With those fund ERs and ~$50/year in fixed administrative fees, consider yourself very fortunate.
by Spirit Rider
Tue Jul 09, 2019 10:05 pm
Forum: Personal Investments
Topic: New Employer 401k Fee
Replies: 12
Views: 442

Re: New Employer 401k Fee

There is no normal when it comes to paying for 401k administrative fees. Sometimes the employer fully subsidizes the administrative costs. Sometimes there is a quarterly/yearly fixed fee such as yours. Sometimes there is a Assets Under Management (AUM) percentage fee. Sometimes the fees are bundled ...
by Spirit Rider
Tue Jul 09, 2019 9:23 pm
Forum: Personal Investments
Topic: Fidelity 401k now charging fees for brokerage link
Replies: 23
Views: 1346

Re: Fidelity 401k now charging fees for brokerage link

How much was this fee. You are aware that the SEC imposes a very small fee for ALL security sales. It just recently went up from $13/$M to $20.70/$M. It was about 150 dollars after the sale of one of my funds. I'm assuming your sale wan't for $7.5M. It is likely that the custodian's fees increased ...
by Spirit Rider
Tue Jul 09, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private equi
Replies: 19
Views: 1854

Re: "Vanguard hits back at Fidelity's loss-leader strategy by courting higher-margin businesses, like China and private

This only reinforces what I have been saying for the last 10 - 12 years. People have been repeatedly extolling the virtues of the mutual ownership structure of Vanguard vs. the private ownership of competitors. I have always maintained that history has repeatedly demonstrated that the profit motive ...
by Spirit Rider
Tue Jul 09, 2019 8:58 pm
Forum: Personal Investments
Topic: Switch dad's IRA fund from Fidelity GNMA Fund (FGMNX) to iShares AGG
Replies: 2
Views: 239

Re: Switch dad's IRA fund from Fidelity GNMA Fund (FGMNX) to iShares AGG

Dad has had the Fidelity GNMA fund for 20+ years in his IRA. He doesn't even remember why he bought it. I don't know much about this fund. Is he better off in a broader ETF like such as iShares AGG? He wants to stay at Fid. Thank you. He's at Fidelity and wants to stay there. Why wouldn't you just ...
by Spirit Rider
Tue Jul 09, 2019 8:47 pm
Forum: Personal Investments
Topic: Fidelity 401k now charging fees for brokerage link
Replies: 23
Views: 1346

Re: Fidelity 401k now charging fees for brokerage link

I use Brokeragelink... How easy was it to spot this fee? Did they email/warn you about it? Or did you have to search through online statements to notice it? I saw a sell order in my position/transaction summary email that I get each morning from Fidelity. I have not placed a sell order in many year...
by Spirit Rider
Tue Jul 09, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4555

Re: How warm to set thermostat while away

Florida and the SE and places like Houston I get, particularly in the summer. But the Northeast? Heck, many don't even have AC there, or maybe just bedrooms. Unless you have antiques or pricey art, just seems like a waste of $$ (and energy and the environment) to run AC while you are out. It is a m...
by Spirit Rider
Tue Jul 09, 2019 4:31 pm
Forum: Personal Investments
Topic: 457/403 Questions with New Job
Replies: 8
Views: 421

Re: 457/403 Questions with New Job

I do believe the 457 is a government one. This is at a large public University and the plan is available to all employees, so it makes sense that this is the case, but honestly, I can not say for sure. You definitely want to check. Many but not all public university employees are government employe...
by Spirit Rider
Tue Jul 09, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question about Medicare Part B Premium Amount of $135.50
Replies: 13
Views: 1141

Re: Tax Question about Medicare Part B Premium Amount of $135.50

Two corrections: 1. For active Feds, FEHB premium conversion is optional, not mandatory. 2. For retired Feds, the retiree’s share of FEHB is always taxable. How about the the most important correction Except when most of us were employed medical premiums were pretax deductions Or, more often, a por...
by Spirit Rider
Tue Jul 09, 2019 3:53 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 24
Views: 1582

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

My goal is to have the money deposited in the EJ account and then transfer it to a transfer SIMPLE IRA/frozen SIMPLE IRA with either Fidelity (if they offer this) or Vanguard. Last I knew, Fidelity does not offer rollover only (frozen) SIMPLE IRA accounts. During the meeting I was informed that I c...
by Spirit Rider
Tue Jul 09, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4555

Re: How warm to set thermostat while away

One good solution is to choose your "away" vacation temperature and then if you have a Wi-Fi or other ability to control your thermostat. Set your normal at home temperature several hours before your return. Spirit Rider, Great response! Thanks for the education about this. Based on @Turbo29's ecel...
by Spirit Rider
Tue Jul 09, 2019 9:00 am
Forum: Personal Investments
Topic: Old Job -401K; New Job ORP, 457b, 403b - Confused, Please help
Replies: 10
Views: 480

Re: Old Job -401K; New Job ORP, 457b, 403b - Confused, Please help

Your understanding sounds fine. It sounds like a question for HR or payroll. Also, are you relying on the new company to limit your 403b contribution taking into account your previous 401k contribution? Only some companies are capable of this and I would keep a careful watch on this regardless. I w...
by Spirit Rider
Tue Jul 09, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question about Medicare Part B Premium Amount of $135.50
Replies: 13
Views: 1141

Re: Tax Question about Medicare Part B Premium Amount of $135.50

For Federal employees, for example, the employer pays a share and the employee pays a share of health insurance premiums. The employer's share does not appear in either the pay stub or the W-2 and is not taxed. The employee's share is a payroll deduction that shows up in the pay stub and the W-2, a...
by Spirit Rider
Mon Jul 08, 2019 9:10 pm
Forum: Personal Investments
Topic: 457/403 Questions with New Job
Replies: 8
Views: 421

Re: 457/403 Questions with New Job

403(b): I must contributed a mandatory 5% pretax which they match at 200% (10% of my salary). I can optionally contribute extra to bring me to the $19,000 limit. Roth 403(b): I can also contribute the extra on an after tax basis up to the limit. 457 or Roth 457: If I am reading things right, I can ...
by Spirit Rider
Mon Jul 08, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: U.S. savingsbonds.com
Replies: 16
Views: 1798

Re: U.s. savingsbonds.com

But if someone had given money to savingsbonds.com to have them buy them on his/her behalf ? How exactly was that supposed to happen. The only way currently to buy Savings Bonds is through Treasury Direct or via your tax refund. Even prior to those changes, the only other ways to buy Savings Bonds ...
by Spirit Rider
Mon Jul 08, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roll TSP into IRA? Keep G Fund?
Replies: 23
Views: 1225

Re: Roll TSP into IRA? Keep G Fund?

Bingo. Spouse can make penalty-free withdrawals, regardless of age, but would pay a 10% penalty if rolled over before age 59.5. Where did you get that idea. A direct trustee - trustee rollover of an inherited 401k to a traditional IRA is a tax-free rollover at any age. It is only taxable distributi...