Tag: Roth IRA
“Can I Transfer My Roth IRA To My Roth TSP?”

“Can I Transfer My Roth IRA To My Roth TSP?”

    Here's a great reader question on getting the most out of your Thrift Savings Plan: I frequently read your website and find your advice very helpful, and I am looking to make some money moves that I'm not sure are possible. I have a Roth IRA with a lot of money in it, and a Roth TSP with a lot ...

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How (And Why) To Transfer Your TSP To An IRA

How (And Why) To Transfer Your TSP To An IRA

  After years of military retirement, my spouse just transferred her Thrift Savings Plan to a traditional IRA. That's the first step in converting the TSP funds into a Roth IRA. ... instead of the TSP It's taken us nearly three decades to get to this point. We started contributing to our traditional ...

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TSP Tax-exempt Rollovers and Withdrawals

TSP Tax-exempt Rollovers and Withdrawals

A reader writes: "Hey Nords! First, I just want to say thank you for your service and all the great things you do for the military community. I served a couple enlistments and I went on two deployments. While overseas I was able to save about $4000 tax exempt in my Thrift Savings Plan. I am no longer in ...

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Start a Roth IRA For Your Kid

Start a Roth IRA For Your Kid

Now that the 2013 tax planning is over, let's talk about 2014. A reader asks: I think you mentioned before that you set up an IRA for your daughter. How did you account for wages and a W-2? Did she work for you or earn income from someone else? I've set up a Roth IRA for our teen for work done around the house, but ...

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