Results 1 to 4 of 4

Thread: Roth vs Traditional question...

  1. #1

    Default Roth vs Traditional question...

    I've been a little confused about how the Roth vs Traditional option works in our TSP. $19500 is the limit for 2020. So, I can put the entire $19500 in the Traditional TSP, or...If I want to use the Roth option, I can only put $6000 in the Roth portion and then have to put the other $13500 in the Traditional portion? Is that how it works?

    Thanks
    Do not rely on a rabbits foot for luck; It did not work out too well for the rabbit...


  2.  
  3. #2

    Join Date
    Aug 2011
    Location
    Valatie, NY
    Posts
    199

    Default Re: Roth vs Traditional question...

    Quote Originally Posted by hyena View Post
    I've been a little confused about how the Roth vs Traditional option works in our TSP. $19500 is the limit for 2020. So, I can put the entire $19500 in the Traditional TSP, or...If I want to use the Roth option, I can only put $6000 in the Roth portion and then have to put the other $13500 in the Traditional portion? Is that how it works?

    Thanks
    No $19,500 is the limit for either traditional or Roth. The $6,500 is if you're over 50 you can add an additional $6,500 for "catch up contribution".
    You can split the 19,500 between traditional and Roth anyway you'd like, same with the catch up.

    https://www.tsp.gov/PlanParticipatio...ionLimits.html

    Sent from my Pixel 2 XL using Tapatalk
    Expected FERS Retirement; December 2028
    The Avatar is my Hammarlund SP-600 1950's Navy Communications Receiver.
    (Although, I was in the Army)

  4.  
  5. #3

    Default Re: Roth vs Traditional question...

    Quote Originally Posted by tom4jean View Post
    No $19,500 is the limit for either traditional or Roth. The $6,500 is if you're over 50 you can add an additional $6,500 for "catch up contribution".
    You can split the 19,500 between traditional and Roth anyway you'd like, same with the catch up.

    https://www.tsp.gov/PlanParticipatio...ionLimits.html

    Sent from my Pixel 2 XL using Tapatalk
    Ok, if you're under 50 and not worrying about the catch up right now, you can put the whole $19500 in the Roth TSP? Also, another question...if you put the $19500 in the Roth TSP, does your 5% match go into the Traditional portion?

    And last question, lol, if you are putting $19500 in a TSP Roth, are you still able to put an additional $6000 in an outside Roth account, such as a TD Ameritrade account to trade ETF's?
    Do not rely on a rabbits foot for luck; It did not work out too well for the rabbit...

  6.  
  7. #4

    Join Date
    Aug 2011
    Location
    Valatie, NY
    Posts
    199

    Default Re: Roth vs Traditional question...

    Quote Originally Posted by hyena View Post
    Ok, if you're under 50 and not worrying about the catch up right now, you can put the whole $19500 in the Roth TSP? Also, another question...if you put the $19500 in the Roth TSP, does your 5% match go into the Traditional portion?

    And last question, lol, if you are putting $19500 in a TSP Roth, are you still able to put an additional $6000 in an outside Roth account, such as a TD Ameritrade account to trade ETF's?
    Yes you can put the whole amount in the Roth, But the matching that the government puts in goes into traditional. Sorry I don't know about outside accounts.

    Sent from my Pixel 2 XL using Tapatalk
    Expected FERS Retirement; December 2028
    The Avatar is my Hammarlund SP-600 1950's Navy Communications Receiver.
    (Although, I was in the Army)

  8.  

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
Roth vs Traditional question...
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Roth vs Traditional question...
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Roth vs Traditional question...
(Stockcharts.com Real-time)
AGG (F Fund) (delayed)
Roth vs Traditional question...
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes