Anonymous
10/28/2024 13:06
Subject: Do I roll all these retirement accounts into TSP?
Talk to a professional accountant who specializes in retirement and inheritance.
Anonymous
10/28/2024 13:02
Subject: Do I roll all these retirement accounts into TSP?
Anonymous wrote:Why do you want to roll over your IRA to TSP? TSP is not very flexible when come to withdraw your money in the future. I am planning to roll over my TSP to IRA when I retired.
Maybe they want to do backdoor Roth without getting stuck paying taxes due to the pro rata rule.
Anonymous
10/28/2024 12:23
Subject: Do I roll all these retirement accounts into TSP?
Anonymous wrote:-inherited IRA
-regular IRA
-Defined benefit plan
-403b
Which ones and why or why not?
- Inherited IRA: From spouse, YES. Otherwise, NO.
- Regular IRA: If a rollover from a previous 401k/403b, YES. If post-tax regular IRA, NO. Not allowed.
- 403B: YES
- Defined Benefit Plan - Not sure.
Anonymous
10/28/2024 11:52
Subject: Do I roll all these retirement accounts into TSP?
Why do you want to roll over your IRA to TSP? TSP is not very flexible when come to withdraw your money in the future. I am planning to roll over my TSP to IRA when I retired.
Anonymous
10/27/2024 13:38
Subject: Do I roll all these retirement accounts into TSP?
Anonymous wrote:-inherited IRA
-regular IRA
-Defined benefit plan
-403b
Which ones and why or why not?
You can roll the traditional IRA and the 403b. https://www.tsp.gov/tsp-basics/move-money-into-tsp/
You can’t roll an inherited IRA or a defined benefit plan.
You should roll the traditional IRA so that you can take advantage of a backdoor Roth without running into issues with the pro rata rule. The 403b depends on what your plan options are and whether there are quality low cost funds available.
Anonymous
10/27/2024 10:51
Subject: Do I roll all these retirement accounts into TSP?
I don’t think you can roll in an inherited IRA
Anonymous
10/27/2024 10:21
Subject: Do I roll all these retirement accounts into TSP?
For the regular IRA I would roll it in if you took deductions for it. The inherited IRAhas special distribution rules so I wouldn’t roll that in.
Are you cashing out the DB plan or asking if you should cash it out?
Are you cashing out the DB plan or asking if you should cash it out?
Anonymous
10/27/2024 10:13
Subject: Do I roll all these retirement accounts into TSP?
You need to talk to a financial advisor who knows the rules, size and composition of all of these accounts. Your question is far too vague for a group of randos on the internet to answer it.
Anonymous
10/27/2024 10:04
Subject: Do I roll all these retirement accounts into TSP?
-inherited IRA
-regular IRA
-Defined benefit plan
-403b
Which ones and why or why not?
-regular IRA
-Defined benefit plan
-403b
Which ones and why or why not?