Yes you do pay taxes on all the money you put into a ROTH IRA but you get to take it out tax free with the interest or appreciation. When you put money into a traditional IRA, 401K, or the TSP you pay taxes on every penny when you withdraw it. Since I escaped paying taxes on it when I put it into the TSP, the taxman wants his share when it comes out.
From: TSP_Strategy@yahoogroups.com <TSP_Strategy@yahoogroups.com> on behalf of caramall22@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
Sent: Thursday, June 8, 2017 6:46 AM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] Re: What to do with TSP if retired military -- should I roll over to a Roth IRA?
Sent: Thursday, June 8, 2017 6:46 AM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] Re: What to do with TSP if retired military -- should I roll over to a Roth IRA?
Thanks all for the great info--much appreciated. (Del, yes I believe you pay taxes on the Traditional contributions you roll to a Roth.)
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Posted by: Thom Jennings <akthom@hotmail.com>
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