Tag: Roth IRA
“Can I Transfer My Roth IRA To My Roth TSP?”
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“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 less money in it. I ...

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How (And Why) To Transfer Your TSP To An IRA
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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 IRAs in 1986. ...

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TSP Tax-exempt Rollovers and Withdrawals
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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
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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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