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jdenhard
New Member

I have a TSP, can I invest in IRA too ?

I have a TSP and turbo tax are asking abouT  IRA. Can I invest in IRA at the same time?

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‎June 1, 2019 11:42 AM
last updated ‎June 01, 2019 11:42 AM
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PaulaM
Employee Tax Expert
Employee Tax Expert

I have a TSP, can I invest in IRA too ?

Yes, you can invest in both a TSP and an IRA. However, there can be deduction limits to the IRA based on your income and filing status. See IRS link for your income/filing status.

https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-i...

https://www.tsp.gov/PDF/formspubs/oc91-16.pdf

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‎June 1, 2019 11:42 AM
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