Federal employees can use a new Thrift Savings Plan tool to weigh the tax costs and retirement advantages of moving traditional balances to Roth.

Thrift Savings Plan participants need to carefully weigh the advantages and potential tax pratfalls of moving their balances to an after-tax investment strategy.

Both Roth thrift savings plans (TSPs) and Roth individual retirement accounts (IRAs) can offer significant tax advantages and the potential for tax-free growth, but they cater to different needs and ...

The federal government’s Thrift Savings Plan for service members and civilian employees will allow participants to transfer money from their traditional accounts into the plan’s Roth accounts starting ...

Civilian federal employees and uniformed service members will soon be able to convert their pre-tax Thrift Savings Plan balances to Roth accounts without leaving the plan. The Federal Retirement ...

Let me be honest with you. When it comes to retirement planning in 2025, there's a conversation happening in financial circles that most people are missing. It's about a window of opportunity that, ...

Only if you’ve maxed out your thrift savings plan's match Reviewed by Ebony Howard Just as many private-sector employees can contribute to a 401(k) plan, active members of the United States armed ...

A thrift savings plan (TSP) is a retirement savings program specifically designed for federal employees and members of the military. TSPs are considered qualified retirement plans, and this status ...