No. of Recommendations: 1
"...And while I haven't made this the only part of our retirement (got to count the spouse!), I'm planning not to touch my TSP until the RMD at 70. I do plan to take the early social security when I turn 62, our house will be fully paid off in one year (if all keeps going as planned), and that will free-up my Air Force retirement..."

I think you might rethink this strategy. If you wait until age 70 to tap your TSP funds, the combination of your military pension, your (two) Social Security payments, and your TSP RMDs, may well catapault you into a much higher tax bracket than you're in now.

A general strategy that I recommend to military retirees is to NOT take Social Security until age 70; rather, draw down your TSP assets as necessary to support living expenses, and (if your tax bracket allows) also convert a small portion of your TSP into a Roth IRA each year until you reach age 70. By doing this, you will reduce the size of your taxable RMDs after age 70, and you will increase your Social Security payments by approximately 70%.
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