MP8251
New Poster
Cash: $ 0.45
Posts: 2
Joined: 23 Nov 2017
Location: San Diego |
Roth into a TSP account |
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Can you roll your Roth IRA from another financial institute into my TSP? I have both and want to consolidate into one. The TSP traditionally has better returns. Thank you in advance.
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Thu Nov 23, 2017 7:15 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona |
No - the two funds are from different tax categories. The IRA is pretax money, and you've already paid the tax on the Roth money.
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Thu Nov 23, 2017 7:36 pm |
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MP8251
New Poster
Cash: $ 0.45
Posts: 2
Joined: 23 Nov 2017
Location: San Diego |
What about taking all the $$$ out of the Roth? Will I have to pay penalty/tax?
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Thu Nov 23, 2017 8:02 pm |
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