yes, what you do is called a non deductible IRA contribution, after that, you would do a Roth conversion. Assuming you don't have an outstanding traditional IRA anywhere, It is legal and very easy to do. Google it.
On Sunday, February 26, 2017 2:16 PM, "Nelson Garcia it2garcia@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:
Question, If I max out on my regular TSP can I still put in money in my private savings bank regular IRA account w/o being penalize by the IRS?
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Sent from my iPhone
On Feb 26, 2017, at 7:19 AM, donle0230@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
For those who max out on TSP and want to add more to retirement, look into backdoor Roth IRA. You could basically add another $5.5K tax free per year. Google it, very easy to do.
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Posted by: <donle0230@yahoo.com>
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