Contributing to an IRA Outside of the TSP

Under what circumstances can you contribute to a Roth IRA outside of the TSP?

Q: You have mentioned that a person should (if they can afford it) contribute to an IRA outside of the TSP. My question is, since I am contributing $161.00 per pay period to the Roth part of the TSP, and the rest of the $23,000.00 to the regular TSP, am I still allowed to contribute to a Roth IRA on the outside? My current salary is a little over $83,000.00 per year.

A: Yes you can.

About the Author

John Grobe is the former President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies.