Q. Do you know when the TSP will offer a Roth IRA? As someone over 50 years of age, I am able to contribute $22,000 annually to the TSP. Will I be able to contribute $6,000 annually to a Roth IRA, in addition to continuing to contribute the $22,000 to my TSP?
A. The TSP will not be offering a Roth IRA. It is scheduled to offer a Roth account option in 2012, although the official rollout date has not been announced. The contribution limit will likely apply to whatever contributions you make to the TSP, combined. You may already be eligible to contribute to a Roth IRA in addition to your TSP account if your income is not too high.