Thread: TSP to ROTH TSP

I think it's highly doubtful. I am not aware of any 401k programs that allow you to roll over to Roth 401k.
At this point, I'd just be happy if they actually allow me to contribute to Roth TSP in 2012. Their website still says it will be offered in 2011. I'm afraid they're going to come back and say they haven't had enough opportunity to education TSP participants on the Roth, and they need to push it back yet another year.

Maybe? A new law may allow you to move into a Roth 401(k)

http://www.kiplinger.com/magazine/ar...401k.html?si=1

ROTH option delayed...

http://www.navytimes.com/news/2011/0...ption-032911w/

We try to avoid links to "Times" here- the Times papers have repeatedly tried to claim copyright issues where "fair use" clearly applied.

Here is another source for your Roth story:

ROTH TSP DELAYED

http://www.govexec.com/story_page.cf...ref=todaysnews

I'm not happy about the news, but thanks for the links.

I had a sneaking suspicion that it was going to be delayed. At this point, I am placing my bets that it does not get implemented until 2013.

Delayed even more...

http://www.govexec.com/dailyfed/0311/032811l1.htm

The TSP board will likely find it necessary to spend a few million to "educate" us... Maybe mail us all a DVD again.

Originally Posted by SkyPilot

The TSP board will likely find it necessary to spend a few million to "educate" us... Maybe mail us all a DVD again.

LOL... I’m still waiting to see all the money the TSP Board saved by limiting our IFT’s... They aren’t in our corner, thats for sure!!

I never got that DVD I hear about. What year did they send it out?

That was when they introduced the "L" funds (2005-2006)...

I would like to see the cost/benefit analysis related to how much the "L" combos of funds we already have is used.

I think the FTRIB is pi$$ed off because so many people refuse to use them as designed...

http://www.tsptalk.com/mb/showthread...light=fund+dvd

http://www.highbeam.com/doc/1P2-39271.html





http://www.govexec.com/dailyfed/1205/122005r1.htm

TSP life-cycle investors won't let go of other funds
By Karen Rutzick December 20, 2005

Many investors in the Thrift Savings Plan's life-cycle funds are tempering their effectiveness by continuing to invest in traditional stand-alone funds too, officials said at a board meeting Monday.

Not a happy camper today.

Called FAA Human resources to try and ask what the plan was for how to begin making contributions in ROTH.

As you know, TSP begins ROTH on Monday. This comes FOUR YEARS after autorization to start a ROTH plan was passed by Congress and put into law, and a DECADE since the subject of ROTH for the TSP was first debated in Congress. Twice delayed by the TSP board while they go their software ready, I figured I'd call FAA Human Resources and see if they were going to be able to start on Monday, since the TSP said not all agencies were ready yet, but they DID mention that Department of Interior (Who handles FAA payroll functions now) would be one of the lead agencies starting next week. I figured FAA would have to roll in either right this week, or perhaps I thought maybe in the pay period following. I figured it couldn't take much, now that they've been working on this stuff for four years.

The first two human resource people at FAA that I talked to didn't have a clue what I was talking about.

Finally got a supervisor, who promised to call HR in Washington, and get the story on when we would be able to "turn it on", and he promised to call me back.

Four hours later on Friday, got a call back.

Said FAA HQ's didn't know anything about it, they just learned of this "TSP ROTH" thing in the last few days, and said they had no idea what they needed to do to adapt the payroll system to handle ROTH information. Said it may be months to possibly years before we would be able to do anything as an Agency. Nobody in Human Resources had any idea what a ROTH was, or how to implement it.




-------------------------


On a side note- I see once again the FAA's ratings are out in the annual 'Best Places to Work" competition. FAA ranked 200th of 229 agencies for 2011. Best Places to Work > Department of Transportation - Partnership for Public Service


Enough said.