How to Transfer TSP to a Roth IRA?

Answer The Thrift Savings Plan (TSP) is for employees of the U.S. government, civilians and armed-forces members. The TSP is subject to the same type of rules as other retirement accounts, such as Individ... Read More »

Top Q&A For: How to Transfer TSP to a Roth IRA

How do I transfer a 401k to a Roth IRA?

Is Your 401k Eligible?A 401k cannot be directly transferred to a Roth IRA. However, if you're looking for tax-free savings on your old 401k plan, there is a fairly simple indirect method, as long ... Read More »

Can you transfer money from a conventional IRA to a Roth IRA?

You can transfer money from a conventional IRA to a Roth IRA. However, you must pay income taxes on the amount of the transfer because you are moving the money from a tax-deferred account to an aft... Read More »

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »

Does the Roth phase-out affect the Roth?

The Roth Phase-Out affects your ability to continue contributing to a Roth IRA if your income is above a certain threshold. This phase-out only affects new contributions and does not affect Roth IR... Read More »