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Thread: Roth TSP

  1. Default Roth TSP

    Am I allowed to open a personal Roth IRA with TDAmertrade or am I restricted because I contribute my TSP Roth ? i know there are limits to contribution to Roth?
    Thanks Jeff


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  3. #2

    Join Date
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    Default Re: Roth TSP

    TSP has no bearing on Roth IRA limits. Only thing that matters is household income.

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  5. #3

    Join Date
    Mar 2020
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    Default Re: Roth TSP

    Bullit is right - your TSP contributions (to Roth TSP or Traditional TSP) do not impact your ability to open and contribute to a Roth IRA with Ameritrade. Your contribution limits to Roth IRA in 2021 are $6k if you make less than $198K (married filing joint) and that limit is reduced by $600 for every $1K you make ovver $198K, zeroing out if you make over $208K. If you are over 50 years old you can also contribute another $1K if AGI is less than $198K (married filing joint). https://www.irs.gov/retirement-plans...ibution-limits

    Your TSP Roth contribution limits are defined by the combination of your traditional TSP and Roth TSP contributions which cannot exceed $19,500 (plus $6500 in catchup contributions if you are 50 or over)

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