Can Roth TSP Withdrawals Be Taxed?
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.
Will I get penalized for being only 56 and taking money out of the Roth TSP when I am eligible to take money out of the regular TSP?
With all the talk about the TSP possibly opening up a mutual fund window and expanding withdrawal options, you may have forgotten that the TSP also offers a Roth option. The author describes the basics of how the Roth option works to help you decide if it is right for your situation.
One advantage federal employees have when saving for retirement is the Roth TSP. A Roth investment allows you to pay tax on the seed (the smaller, starting investment) and reap the bounties (the investment plus growth/interest) tax-free. The author explains more about how this works.
Should you invest in the Roth option within the Thrift Savings Plan or do a traditional Roth IRA? One financial advisor offers his advice to a member of the Air Force on what he believes is the best choice.
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
The TSP is examining the possibility of adding a Roth conversion option for participants.
The author shares her opinion about the Roth TSP as well as some frequently asked questions and answers about it.
Are you considering utilizing the Roth option in your TSP? Here are answers to a few frequent questions from readers about how the Roth option will work.