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Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

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The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

Zurndorfer is also the author of several federal employee benefits guides published by Federal Employees News Digest.

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#1 Posted : Sunday, February 10, 2019 8:30:36 PM(UTC)

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Hello Ed,

I just learned that it's possible to directly convert funds from an employer eligible retirement plan, such as a 401k and a few other qualified plan types, directly into a Roth IRA. Formerly it was a 2 step process where you had to roll it over to a traditional IRA and then convert it into a Roth IRA.

My question is does the TSP count as one of these eligible retirement plans? I have searched the web as thoroughly as I can and I can't find the answer. Thanks in advance.
Ed Zurndorfer  
#2 Posted : Monday, February 11, 2019 3:06:58 AM(UTC)
Ed Zurndorfer

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Yes, the TSP allows a traditional TSP participant to directly transfer all or a part of his or her traditional TSP account to an existing Roth IRA. Note that this is a taxable event for both federal and state income tax purposes. The TSP also allows a Roth TSP participant to directly transfer all or a part of his or her Roth TSP account to an existing Roth IRA.
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