IRA contribution/re-characterization


Q. A co-worker inadvertently put $4,000 into each of their Roth and Traditional IRA TSP accounts this year (they misunderstood the IRA limit laws). What is the best, simplest, and/or most efficient, method for them to rectify this situation with TSP?

A. The TSP is not an IRA and the IRA contribution limits do not apply to TSP contributions.


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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 and view his blog at

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