Q. I’ve read the latest article from you, Mr. Miles and I have a question. I am a FERS/LEO employee and I max out my TSP contributions. Can I contribute to an outside brokerage IRA (I meet the Roth requirements) and if so, what is the cap for that yearly?
A. Whether, or not, and how much you may contribute will depend upon your age, marital status, income and possibly other factors. Search the Internet for “IRA contribution calculators” and pick one from a reputable website to see where you stand — or check with a CPA.