Yes, you should be able to make that election in your TSP account. You can select a percentage to go to each account type (ie. 25% in traditional and 75% in Roth).
Jose, I am retired can I do this conversion? I will not touch any of this money for 10 years. I am trying to get ahead of my taxes and pull the most out of my ssi with I start apply for it.
Hello, as long as you are not an active federal employee, you can utilize this strategy. Whether you should or shouldn't will depend on your individual situation. All the best!
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Hi Jose, jyi only..Your sound/volume is too low at my highest volume control.
Can you stay within the TSP and move money from traditional to Roth after retirement?
No
Is there a way to make TSP contributions a Roth contribution instead of traditional?
Yes, you should be able to make that election in your TSP account. You can select a percentage to go to each account type (ie. 25% in traditional and 75% in Roth).
Should i keep putting money in my tsp roth now or should i open a ira roth and contribute that way then when i retire transfer my tsp roth over?
Jose, I am retired can I do this conversion? I will not touch any of this money for 10 years. I am trying to get ahead of my taxes and pull the most out of my ssi with I start apply for it.
Hello, as long as you are not an active federal employee, you can utilize this strategy. Whether you should or shouldn't will depend on your individual situation. All the best!
So there is no penalty or fees for transferring roth tsp to Roth IRA? And can you only transfer when you retire or no longer work for government ?