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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?

Ask your question here.

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.

Your question will be put into a message queue and submitted for review. We cannot guarantee that all questions will be answered, however any answered questions will appear below, and some will also be featured in our daily Federal Daily e-newsletter (Subscribe here). Members of Federal Soup will not be able to submit replies to the questions posted, as we leave the replies for the moderator only.

Please do not submit employee benefits questions to the webmaster or the forum moderator.

Note: FederalSoup.com has attempted to compile information that is as accurate and current as possible for federal employees. Federal policies, laws, regulations, statistics and addresses continually change. Therefore, no warranties are made as to the accuracy or completeness of the information presented in this column. If additional clarification or information is needed, it is suggested that competent and professional assistance be sought. Mr. Zurndorfer does not moderate other forums on FederalSoup and will not reply to general FederalSoup inquiries submitted in this Q&A forum.

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Obewan  
#1 Posted : Friday, March 30, 2012 8:42:34 PM(UTC)
Obewan

Rank: Newbie

Groups: Registered
Joined: 3/24/2012(UTC)
Posts: 1

Ed,

Thank you for your informative answers; I have found them to be helpful. I am within 3 years of retiremnt, and as I read the information available; there is little benefit to older workers from the Roth IRA. If I am wrong, please provide an example of how this could be a useful tool for us.

Respectfully.
Ed Zurndorfer  
#2 Posted : Sunday, April 01, 2012 7:18:41 PM(UTC)
Ed Zurndorfer

Rank: Senior Member

Groups: Registered
Joined: 9/10/2001(UTC)
Posts: 4,412

The Roth IRA is useful to all employees, including those employees close to retirement. Among the advantages of the Roth IRA for those close to retirement is the fact that after retirement, those employees who have contributed to the Roth TSP (which starts sometime this spring) will be able to rollover their Roth TSP accounts to a Roth IRA. In so doing, an employee/annuitant will be able to generate tax-free growth and not required to withdraw the Roth IRA at any time, passing on tax-free income to their heirs. 

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