Q. I am 61 years old and single. I have about $146,000 in TSP and $183,000 in another retirement account, which is managed by my financial planner. I plan to work another 5-6 years. Would a Roth IRA be something I should consider? Or would it be wiser to just continue on in the regular tax-deferred TSP? I am still paying my mortgage but will have the rest of my debt paid off by the end of the year.
A. Of course you should consider it — and all other reasonable options available to you, but that doesn’t mean you should do it. Whether you should, or shouldn’t, will depend entirely on your circumstances and goals. This is a question that your financial planner should be able to help you answer.
