I promise I searched the forums but I don't see an answer to my specific question so I'm just going to go ahead and post away.
Applicable Assets:
Roth IRA: ~$74,000
Traditional IRA: ~$23,000 (inherited from late wife)
Thrift Savings Plan: ~$255,000
Contributions:
For TSP - 8% of Salary, 5% is matched - so a little over $500 in total is invested ever other week when I get paid
For IRAs - I have $400-ish per month to invest in IRA(s) already set aside from pay check after expenses
I'm 38, recently widowed, and trying to sort out where to best put that monthly contribution. So my question is, where would be best to allocate the extra $400/month; TSP with limited investment options but immediately tax deferred, tIRA for tax deduction that won't be seen until I file, or the Roth, which until recently is where I put the $400/month (stopped contributions so I could sort out estate)?
I am in the 25% tax bracket due to the fact that IRS seems to consider one married for the whole year even if you are only married for one day that year. In 2016 I will jump to 28% from what it looks like on the tax tables so I'm assuming the tax advantaged choices would be the best for this situation. Let me know if you have any advice. Thanks in advance.