The Roth TSP and the Roth IRA share many similarities, however, they are not the same thing. The author describes some of the similarities and differences federal employees should be aware of as they look at how each one fits into their retirement savings plans.
The Internal Revenue Service has announced the annual contribution limits for the Thrift Savings Plan and other similar retirement/pension plan contributions for 2016, most of which are unchanged from 2015.
In the third article in his series on federal retirement, FedSmith.com author Randy Silvey addresses one of the most common questions he has received from FedSmith.com users: “Should I roll my TSP over to an IRA after leaving federal service?”
A growing percentage of federal employees are either eagerly preparing for or nervously holding off retirement. The author says that you do not want to retire too soon and risk financial ruin in your Golden Years, but you also do not want to wait until too late to retire. He explains some ways to determine the best time to retire that works for you.
There are three different types of IRAs, and the author explains the differences between each as well as what the requirements are for investing in them.
The CSRS Voluntary Contribution Program has been available to CSRS or CSRS Offset federal employees for many years. It can be a very useful option to significantly increase retirement savings. The author explains some of the details of this program.
IRAs are turning 40. The author provides some of the history and benefits of the IRA.
Under what circumstances can you contribute to a Roth IRA outside of the TSP?
More 2014 numbers have been announced, this time by the IRS and the TSP.