By Mike Miles
February 24th, 2012 | Uncategorized
Q: I have two Roth questions. First, I max out my TSP contributions and would contribute more if allowed. Am I right to view Roth contributions as a good means of essentially increasing my retirement contributions by pre-paying the taxes I’ll pay in retirement? Second, after I retire, will I be allowed to transfer the Roth balance of my TSP account to an existing Roth IRA and leave my non-Roth balance in the TSP?
A: “Yes” to the first question and “It appears so” to the second.
February 24th, 2012 at 6:52 pm
If the OP is CSRS he would qualify for the Voluntary Contribution Program. Just prior to retirement the OP could roll his VC account balance into a private ROTH account.