Tax proposal takes aim at catch-up TSP contributions

Senate Finance Committee Chairman Orrin Hatch (R-Utah) is planning to introduce a series of amendments to the tax reform legislation that would restrict federal employees from making extra contributions to their Thrift Savings Plan accounts from pretax earnings. View More

Employees Need to Understand the Rules for Inherited IRAs - Part IV

In the fourth of four columns discussing the rules for “inherited” IRAs, this week’s column discusses the rules for naming trusts as IRA beneficiaries. Specific IRS requirements for naming a trust as an IRA beneficiary is presented. Two potential IRS traps associated with naming trusts as IRA beneficiaries are also presented together with some suggestions to avoid these traps. View More

If I’m not eligible for either a Roth IRA or a tax deduction in a traditional IRA, why would I want to invest in a nondeductible traditional IRA?May 08, 2014

You likely would want to make the maximum allowable investments to the TSP first, since you would gain the advantage of the tax deduction there if investing in a traditional balance, and would have Roth-style investing available to you as well. View More

What about if I’m not eligible for a tax deduction in a traditional IRA but I am eligible for a Roth IRA?May 08, 2014

If your income is too high to deduct a traditional IRA contribution, but not so high as to disqualify you for a Roth IRA, then the Roth IRA would be superior to investing in a nondeductible traditional IRA. View More

If I’m eligible for both a traditional deductible IRA and a Roth IRA, which is a better choice?May 08, 2014

Can I move money from an IRA into the TSP?May 08, 2014

If I invest in the TSP, can I also invest in an IRA?May 08, 2014

I have more than one IRA. Can I invest up to the maximum in each?May 08, 2014

What are the IRA investment limits?May 08, 2014

What are the differing types of IRAs?May 07, 2014

If I can’t afford to invest the maximum in the TSP as well as in an IRA, which should I invest in first?Apr 07, 2014

Will my TSP investments have an impact on my eligibility to deduct IRA contributions?Apr 07, 2014