Matching contributions and Roth TSP

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Q. If I have both a traditional and a Roth TSP, can I elect to have all of my contributions (6 percent) go to the Roth account, and still receive the 5 percent matching contributions (FERS employee) that I have been receiving? Is there a required minimum of my contributions that must go to the traditional account?

A. The matching formula applies to all of your deferral contributions, Roth or traditional.

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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.

1 Comment

  1. Q1: Answer – Yes.
    Q2: Answer – No.

    You receive the 5% matching as long as you contribute at least 5%. Where you put your 5% (Roth or traditional) does not matter – you still get the 5% matching.

    You should consider placing more than 6% in your TSP account.

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