Author Topic: TSP and Roth IRA contributions  (Read 1165 times)

dude

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TSP and Roth IRA contributions
« on: October 31, 2016, 08:46:20 AM »
So when I retire from my Fed job, I'll have immediate access to both my pension and my TSP balance (penalty-free before 59.5 because qualified LEO). I THINK, though I'm not sure, that if I work another job after Fed retirement that I'll be able to contribute after-tax earnings from that job toward my Roth IRA. I'm just wondering if withdrawing from my TSP account at the same time I'm doing this will muck anything up with that plan, tax-wise?  Any of you brilliant accountants out there have any thoughts?

Drifterrider

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Re: TSP and Roth IRA contributions
« Reply #1 on: October 31, 2016, 10:24:18 AM »
The money in your TSP becomes taxable income when you receive it.  Depending on your overall income level, your tax rate could increase.