Don’t Ignore These 4 Things When Converting Your TSP To A Roth IRA

If you’re considering a Roth conversion or have already converted your Traditional TSP to a Roth IRA, there are some critical things that you don’t want to ignore. In this video, we share 4 things that are commonly overlooked, which can oftentimes have a negative impact on your taxes and retirement benefits.

Do you have questions or concerns about Federal Benefits or Retirement Planning?

⚡️ Stay Connected:

Who Are We:
Fedway Financial provides financial planning, investment management, and benefits training to federal employees and retirees. Our goal is to help you understand and maximize your federal benefits program, and make prudent and informed decisions related to every facet of your financial life.

#TheMoneyBriefing #RothConversion #ThriftSavingsPlan

Music provided by LAKEY INSPIRED – Chill Day

Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial advice.

[noway]

Excellent content! This is the first time I’ve heard of the pro rata rule. I’ll have to do some more research on it!

[jftube]

Great information! Very helpful stuff. I appreciate your channel 👍

[robinbonn]

Great video! If I convert after I’m already 59 1/2 do I still have to wait five years to withdraw the converted money? I thought being 59 1/2 met one of the exceptions.

[sungn]

Interesting topic. Can you help clarify benefits of either. I'm 2yrs mil retired at age 50.
1- (1-step) TSP transfer to IRA to conversion ROTH IRA
2- (2-steps) TSP transfer to ROTH IRA

[joselabiosa]

If you roll Roth TSP funds to a Roth IRA, you will still be subjected to the 5 year rule. Right?

[loboalwyn]

Can you convert tsp into roth into roth