Suze Orman

So what is the fix, everybody, to this problem?

The fix really is that all of you need an outside retirement account or an account that has at least three months of living expenses above your guaranteed income within that account.

And if you then have to take money out, you're taking it from where?

You're taking it from either a Roth IRA or an investment account that's in a money market account,

or a savings account, or something like that.

That's one way that you could protect yourself and not have to take equal amounts out of your TSP.

All right, KT, next question.

Okay, next question.

Like I was saying, KT feels the exact same way.

Allie, here's what you got to get.

It's actually too late to do anything already for 2025.

You have to do this for 2026.

And why do I say you have to do it for 2026?

even though I know that you can open up an IRA or Roth IRA right now all the way till April 15th for 2025.

That's true.

But you want to do a backdoor Roth.

So then you, once you open it up, you could do it this year if you wanted to for last year.

But when you convert it to a backdoor Roth,

A conversion is deemed to have happened in the year you convert it.

So that will now be a backdoor Roth for 2026, not 2025.