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That's a mental anguish claim. I'd freak. Most of the time this happens when the IRS misses a tax basis and puts it at zero, resulting in a big cap gains bill.
Awesome
Getting the mortgage off the bill list does wonderful things for cash flow needs (spending otherwise has been pretty consistent). Selling the beach house was a nice jolt to the accounts and the markets have been lovely lately.
I don't do that 50 hours a week
- actually it's been a 0 this summer due to various reasons. It will come back up in the fall, though.
Transferring my TSP to IRAs (both traditional and Roth), even though I know it’s processing it’s a bit disconcerting to see more money than I make in a few years disappear overnight
I wasn’t sure how they would process the portion in my traditional TSP which is tax free (combat zone contribution). So today my wife brings the Mail in and there’s something from the treasury dept. turns out they send a check for the amount. It’s not a lot but it was a surprise. It took a minute to convince the wife that we weren’t going to use it to remodel the bathroom. 
Maybe just a bit for a new throne?It took a minute to convince the wife that we weren’t going to use it to remodel the bathroom.
Every endurance athlete needs an outdoor shower. She’ll appreciate you not bringing your stank in the house.
We did buy new toilets a year ago.
We have this. Large walk in with 2 shower heads on the sides, rainhead on top, + a handheld. Steam shower with a bench too. Love it
Similar here. 12” smart TV with Bluetooth enabled, 5kW steam engine, rain shower plus a shower head on two walls, foot rinse plus handheld wand with 15 settings, bench with heated seat, and 5 speaker 3-D stereo integrated. It’s life changing
Ha! Good digging. Prices are way up, no doubt. My home has nearly doubled in the last 6 years, which is absolutely crazy
If only somebody in here had tried to inform Bender of the opportunity he had in front of him.....
Better options. Particularly international ETFs. Also, no RMD with the Roth IRA while there are RMDs for the Roth funds in the TSP.
we would have doubled the money in stocks.
I’ma big fan of the retirement answer man, https://www.rogerwhitney.com/blog/category/Podcastsb-snatchers said:
unless you are in a lower tax bracket I would question contributing to the Roth TSP in the first place
I was in a lower tax bracket. Plus the kids lowered our tax rate significantly. Keep in mind the credit was only partially refundable for a while.
It really depends on your bet on future tax rates. I’m aiming for about half Roth, half traditional total. Currently our accounts are about 1/3 traditional but I’m going more traditional now.
In general, I'm of the opinion that a mix of both is ideal to be able to control your AGI and taxable income in retirement. Between taxability of SS benefits, IRMMA, and various other income limitations there can be advantages to keeping your income below certain thresholds that go beyond ordinary tax rates.
A mix is the best idea unless you are 100% certain your tax rate will be lower in retirement. And even then, the lack of RMD is a nice feature. And sure, you'll never get those taxes back you pay now but you are helping to contribute to our society.
I'm generally against voluntarily paying taxes now on the threat of future, unknown taxes.
They can be a significant taxable event and they're mandatory. This is particularly true for those older folks that become widowed and then really get thrown into high tax territory. Controlling that income is desirable and Roth conversions are the best way to do that.
Looking at the draw down rate, it seems very reasonable meaning about in line with what I'd be doing anyway. Looks like at 72, if you have 2M, you're required to deduct about 78k.. Maybe this more adversely affects those that have a lot more than that saved and are forced to deduct more than they want/need? I get having the money in a roth gives you more options, but need to still figure out a way to go about doing it that leaves you better off tax wise.Sand said:
