ISO bow
by Javelin1012. 09/21/24 08:20 PM
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Re: Roth IRA's and etc..
[Re: AUstan23]
#2711986
01/20/19 07:55 AM
01/20/19 07:55 AM
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Joined: Mar 2012
Posts: 2,474
Mississippi
riflenut
10 point
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10 point
Joined: Mar 2012
Posts: 2,474
Mississippi
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I just rolled my tsp into my roth ira. From my understanding no tax penalty since I didn't touch it. A lot of variables with that bs though. I didn't think you could role your traditional TSP into a Roth without paying a penalty. If you can do that then you would pay no taxes on either end. If that is possible I need to do that. Kids can have a Roth they just have to earn the money by doing work of some sort cleaning house, cutting grass etc etc. and I would make a receipt where I paid them and keep it. My tsp was a roth account also. My son is in the Air Force. His TSP is in a Roth.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson
"I ask, who are the militia? They consist of now of the whole people, except a few public officers." George Mason
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Re: Roth IRA's and etc..
[Re: AUstan23]
#2712056
01/20/19 09:45 AM
01/20/19 09:45 AM
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Joined: Dec 2009
Posts: 5,517
Land of the free because of th...
mike35549
12 point
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12 point
Joined: Dec 2009
Posts: 5,517
Land of the free because of th...
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I just rolled my tsp into my roth ira. From my understanding no tax penalty since I didn't touch it. A lot of variables with that bs though. I didn't think you could role your traditional TSP into a Roth without paying a penalty. If you can do that then you would pay no taxes on either end. If that is possible I need to do that. Kids can have a Roth they just have to earn the money by doing work of some sort cleaning house, cutting grass etc etc. and I would make a receipt where I paid them and keep it. My tsp was a roth account also. Ok.
If you're gonna be stupid you better be tough.
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