Learn how a Roth IRA and Roth TSP differ. The main difference between the two is that the TSP is for federal government ...

traditional TSPs and Roth TSPs. A traditional TSP: Uses pre-tax contributions from your salary and employer matching to fund the account. You don't pay taxes on those investments and earnings ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

For federal employees weighing whether to leave the TSP, five certified financial planners offer their insights on what to be ...

With a Roth IRA, contributions have already been taxed and are not taxed when withdrawals are made. With a traditional IRA, contributions are not taxed until you make withdrawals. Anyone can ...

Retirement accounts such as Roth and traditional IRAs and 401(k)s are a great way to save, but mind the tax rules on ...

A traditional IRA is funded by pre-tax income, while after-tax dollars fund Roth IRAs. Choosing between a traditional or Roth IRA depends on your financial situation and preferences. Roth IRAs are ...

The Thrift Savings Plan (TSP) will offer participants the option to convert their traditional investments to Roth status ...

Roth IRA has no required minimum distributions (RMDs); Traditional IRA has RMDs starting at 73. Key findings are powered by ChatGPT and based solely off the content from this article. Findings are ...

which applies to both traditional and Roth contributions made by an employee during the calendar year. If you’re age 50 or older (or will be turning 50 in 2023), you may also make TSP catch-up ...