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Q: Will I be able to contribute to the Roth IRA and Roth TSP? What will be the combined limits if I can contribute to both Roths ($6,000 for each or $6,000 combined, if I’m over 50)?

A: According to the TSP, your participation in the TSP’s Roth option, in itself, will not affect your eligibility to contribute to a Roth IRA.

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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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