For information on the Pros and Cons of traditional and
Roth, please see the blog about IRA accounts.
Additionally consult with your accountant to see if the conversion is
appropriate for your retirement goals.
TSP Investing Strategies: Building Wealth While Working for Uncle Sam - Amazon.com
Sunday, July 1, 2012
Changes to the Thrift Savings Plan
Currently the Thrift Savings Plan (TSP) acts similar to a
traditional Individual Retirement Account (IRA) in regards to the tax
benefit. TSP is currently working on
phasing itself to provide a Roth benefit to TSP accounts which will make the
accounts act similar to a Roth IRA.
Marines are currently able to take advantage of this transition. Starting July 2012 civilian federal employees
will be able to take advantage of the program.
Soldiers, Sailors, and Airmen will begin taking advantage of this
program starting in October 2012.
Labels:
Retirement
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