Reply to Max out TSP, but make too much for Roth IRAs. How else do we save for retirement?

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Reply to "Max out TSP, but make too much for Roth IRAs. How else do we save for retirement?"

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[quote=Anonymous]OP, thanks for all the advice!

I'm familiar with the conversion loophole, but I guess I didn't necessarily want to go there because all the transactions stress me out.  I know it's really not that big of a deal, but for some reason I worry we're not doing things right.

A couple of years ago, I finally finished converting all of an old traditional/rollover IRA to a Roth and that was a relief.  We also had to recharacterize some ROTH contributions once we went over the income limit.  We then converted that money back to a Roth.  My head was spinning a little from that!  So now I'm happy to be done with all those transactions and have things sitting cleanly in one Roth account.

But it sounds like we should consider letting things get "messy" again and doing the traditional to Roth conversion for 2012 and/or 2013.  The Bogleheads link was particular helpful.  So let me be sure I understand this - there's no waiting period between contributing to a traditional and converting to a Roth?  We can literally do that the same day?[/quote]

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