Join us as Rob Moore from Everman Wealth and Prosperity discusses the ins and outs of in-plan Roth conversions within the TSP. Learn who should consider this strategy, the tax implications, and how to navigate the complexities for optimal retirement planning.

Key Topics

• In-plan Roth conversions within the TSP

• Tax implications and planning for Roth conversions

• Strategies for filling tax brackets and managing RMDs

Chapters

• 00:00 Introduction to TSP In-Plan Roth Conversions

• 04:13 Understanding Traditional vs. Roth TSP Accounts

• 07:00 The Mechanics of Roth Conversions

• 09:57 Tax Implications of Roth Conversions

• 12:53 Strategizing Roth Conversions

• 16:00 Roth Conversions During Deployment

• 19:07 Roth Conversions for Military Retirees

• 21:50 State Tax Considerations for Roth Conversions

• 24:56 Framework for Deciding on Roth Conversions

• 28:56 Tax Rate Arbitrage and Roth Conversions

• 31:24 Diversification Among Account Types

• 32:20 Tax-Free Gifts to Heirs

• 33:21 Understanding Marginal vs Average Tax Rates

• 37:42 The Five-Year Rule Explained

• 43:35 Cash for Tax Payments on Conversions

• 49:28 Scenario Analysis for Roth Conversions

• 51:20 Key Takeaways on Roth Strategies

Rob's Website - https://www.prosperwitheverman.com/

Rob’s Podcast – The Fiscal Foxhole – Find it on your favorite podcast app

Operation Retirement Readiness:  www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.