Good TSP Tax Strategy Example

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[@powerfuljoez9756]

Remember only money over 94,300.00 is taxed at the 22% rate. For married filing jointly. For example income up to 94,299.00 will be taxed 12%. It's a tiered system. So the first $1.00 up to 94,300.00 is not taxed at 22%

[@user-lg8oe5mf9h]

if your married, take out as much as tsp as you can per year up to the $94300 level and stay in the 12% tax bracket. if your spouse dies you become single and your 12% tax level reduces to $

[@billh4285]

I just retired and I'm in the 24% bracket and did my first Roth conversion this year, maxing out that bracket. Your videos have helped educate me. Thanks.

[@erickarnell]

Great short video. Working this out each year is critical for determining opportunities for a Roth conversion. Thanks for the example.

[@stephendibari5010]

this is the exact video I was waiting for. Thank you and saving for future use !

[@zenawarrior7442]

Thank you. Good info as usual😊👍🌛⭐️

[@cryptobeliever5991]

Excellent info!

[@TracyStorm]

What is the supplement taxed at? 85% like SS or 100%%

[@brendanburke7114]

Great video! More details on the portion of the pension that is not taxable!!!. I think federal employees that started after 2013 have to pay 5% every paycheck. Can we run some numbers on that?

[@nuleafonlyfe04]

Dallen can you do a video on what part of pension is not taxable? That threw a lot of us apparently lol

[@thefanzhang]

I thought federal pension is 100% taxable. You just mentioned that is not the case. Please explain more. Thanks.

[@brians6055]

Has there been any discussion from TSP about doing trad to roth conversions within TSP? This would keep from taking $ outside and going to an IRA. You would think TSP would want to keep money from being moved out.

[@nmartinson]

Can you share your tax planning worksheet?

[@Barefootcrochter]

What other tax strategies besides Roth can you suggest?

[@morganjen1962]

What percentage are interim payments taxed?

[@goththicus]

Keep in mind the standard deduction for seniors adds an additional amount (can’t remember how much) and increases the standard deduction.

[@raz3032]

If I transfer money from an IRA to a Roth IRA, how do we know when to apply the five-year hold rule to those specific funds?