How RMDs (Required Minimum Distributions) Actually Affect Your TSP

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  • Опубліковано 21 січ 2025

КОМЕНТАРІ • 31

  • @judyhonold4417
    @judyhonold4417 2 роки тому

    Thank you for this information.

  • @alexieguzmanful
    @alexieguzmanful Рік тому

    Good morning, does this apply for Federal employees in Puerto Rico, we don't pay federal taxes.

  • @SeanKmath
    @SeanKmath 2 роки тому +1

    Thanks

  • @mariogabor479
    @mariogabor479 Рік тому

    Why is your example is age 85 and not age 72 which is the RMD?

  • @davidparker5345
    @davidparker5345 2 роки тому +2

    best info ever! his info should be distributed to all fed employees I was with usps andw would have loved this

  • @alanwilliams5836
    @alanwilliams5836 2 роки тому

    Thanks Dallen.

  • @robertmiller506
    @robertmiller506 2 роки тому

    Great topic, thanks

  • @reidloscidem3562
    @reidloscidem3562 2 роки тому +2

    Love this guy. Hitting topics that people are freaking out about.

  • @danieljustdaniel9550
    @danieljustdaniel9550 2 роки тому

    So after you are forced to take the RMD if you dont need it were can you put it to get the most out of it for when you do need it?

    • @SeanKmath
      @SeanKmath 2 роки тому +3

      Put it in a taxable/brokerage account.

    • @aaront936
      @aaront936 2 роки тому +2

      Roll it into a roth ira

    • @PlanYourFederalBenefits
      @PlanYourFederalBenefits  2 роки тому

      Unfortunately, you can't put RMD's into a roth ira

    • @alrocky
      @alrocky 2 роки тому

      @@aaront936 As *HFA* states RMDs (if neither you nor spouse don't work) may not be rolled into Roth IRA. However if your spouse works you can contribute (using that RMD money) up to $7,000 to Roth IRA.

  • @kathyprice2492
    @kathyprice2492 2 роки тому

    When you begin to withdraw the RMDs at age 72, does the balance of your account "lock in" or will the balance continue to grow?

  • @b.williams3095
    @b.williams3095 2 роки тому

    Wouldn’t there be a double tax hit leaving traditional tsp and moving it into a Roth IRA.?

  • @personalandinvestment1405
    @personalandinvestment1405 2 роки тому

    Can you talk about the tsp retirement age requirement being pushed up for federal employees?

  • @Erginartesia
    @Erginartesia 2 роки тому

    Here is my QUESTION: Let’s pretend I have to take out $20k RMD from my TSP. Let’s also say 50% of my $ is in traditional and 50% is Roth. If I take out $10k from traditional and $10k from Roth, does that mean I only pay 50% taxes on that RMD for that year?
    If that is true, I see how having a good chunk of $ in Roth TSP could be a huge strategic tool for RMDs.. because the ROTH part of the distrubtion is not part of IRMAA, correct?

  • @robinroberts2649
    @robinroberts2649 2 роки тому

    I didn’t understand the statement about not drawing down from TSP first will help RMDs. It seems like it would be the opposite. Drawing down from your TSP first would reduce the RMD since your TSP balance would be less by the time you are 72. I’m 66 now withdrawing from TSP now since I retired at 63.

  • @thomasrichardson7865
    @thomasrichardson7865 2 роки тому

    I have one question. I turned 70 last December. When do I need to start withdrawing the minimum money from my TSP?