When Can Federal Employees Contribute To A Roth IRA?

Roths are a powerful federal retirement planning tool! Whether it be your Roth TSP or a Roth IRA, these accounts provide tax-free income in retirement, the opportunity to limit the taxation of your Social Security benefits, and no Required Minimum Distributions, to name a few of the perks.

But not every federal employee is eligible to contribute to one directly, and while Feds can utilize a backdoor Roth strategy, this does add some complexity to your retirement planning.

So, this week we’re covering the nuts and bolts of Roth IRA eligibility. Continue reading...