Showing posts with label TSP Roth option. Show all posts
Showing posts with label TSP Roth option. Show all posts

May 3, 2012

TSP Roth Option Rollout for Military is Complex

"...The Defense Finance and Accounting Service's efforts to roll out a new Roth option for the Thrift Savings Plan are complicated by the balkanized, multiple pay and personnel systems its customer agencies use.

The Roth option — under which TSP participants invest after-tax dollars, instead of the standard before-tax contributions — will be available to many federal employees May 7. But military service members and federal civilians whose pay is handled by DFAS will have to wait. The Roth option is expected to be rolled out to Marine Corps service members in June, to DFAS-covered civilians in July, and to Army, Navy and Air Force service members in October..."


Read more at FederalTimes.com

Apr 11, 2012

TSP Roth option available on May 7

Correction to this post: TSP Option Delayed for Military...

"...The Thrift Savings Plan will launch its new Roth option May 7. The new investment option, which has been in the works for nearly three years, will allow participants to invest after-tax earnings into funds that will grow without tax liability on future earnings. This differs from the standard TSP plan, where before-tax dollars are invested and taxed when they are withdrawn..."
Read more at Air Force Times