White Coat Investor Podcast

WCI #241: Retirement Account Q&A

Dec 16, 2021
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ANECDOTE

Working Thanksgiving To Fund A Trip

  • Jim Dahle worked every day over Thanksgiving to help pay for a family trip to Greece.
  • He described the strain of long shifts, bed shortages, and frequent patient transfers during the pandemic.
ADVICE

TSP Roth Limits While Active

  • Check whether your TSP allows in-service Roth conversions before planning moves while still in service.
  • You generally cannot do megabackdoor Roth-style in-service rollouts from TSP while still employed, so verify plan rules.
ADVICE

Convert To Roth When Leaving Training

  • If you can, do Roth conversions in the year you leave training to use lower tax brackets.
  • Convert what you can afford and keep the rest tax-deferred if the tax hit would be large.
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