Hi all - I've been learning a lot about the traditional vs. Roth IRA debate in the past few days reading posts and engaging in discussions here on this subreddit. Thanks!
I'm a 31y/o federal employee with a tenured, career position and intend to work until retirement (which, based on when I started at age 23, will be age 50). I will have a federal pension at that point. I'll probably do another career after that, so I don't intend to pull the pension or get into retirement savings (at 59.5) until much later into my 60s.
How does that "guaranteed" pension factor into my decision-making about traditional vs. Roth retirement? I currently max out my Roth TSP and a Roth IRA each year. Since I started with the gov't at age 23, I was doing Roth contributions as soon as I could. Today, my salary has nearly doubled (I'm close to 6 figures) since I started and from now on won't increase too much more (maybe +$15-20k) until retirement (yay government).
Am I at the point where I should start shifting contributions over to traditional IRA and traditional TSP? How does that pension weigh into my estimation of my tax bracket at retirement?
(For additional info about my present-day taxes, I own a home in FL that I rent out. Mortgage, rental income, etc.)
Submitted January 11, 2019 at 08:14AM by strygun http://bit.ly/2TLpWQl
