30,000 TSP participants take advantage of new Roth option

About this episode

The episode discusses the uptake of a new Roth option for Thrift Savings Plan participants, highlighting that 30,000 have made conversions since its launch.

Some Thrift Savings Plan participants are taking advantage of a new option for Roth in-plan conversions. The Federal Retirement Thrift Investment Board reports that roughly 30,000 TSP participants have converted some of their contributions since the feature launched earlier this year. In a survey, about 93% of TSP participants who used the new conversion option say the process was “easy.”  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Topics covered

• Thrift Savings Plan
• Roth conversions
• retirement savings
• financial planning
• government employees

Keywords

• TSP
• Roth option
• conversions
• retirement
• financial planning
• Thrift Savings Plan
• Federal Retirement Thrift Investment Board

Mentioned in this episode

Organizations: Federal Retirement Thrift Investment Board

Products: Thrift Savings Plan

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