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xvincentz
New Member

What is the combined yearly total amount in 2018 I can contribute to my TSP, TSP Roth, Traditional IRA, and Roth IRA.

 
4 Replies
PaulaM
Employee Tax Expert

What is the combined yearly total amount in 2018 I can contribute to my TSP, TSP Roth, Traditional IRA, and Roth IRA.

You can see the total amount you can contribute to a TSP plan at this link: <a rel="nofollow" target="_blank" href="https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/contributionLimits.html">https://w...>

That total is the same whether you contribute to a Tradtional TSP or Roth TSP. The answer gets more complicated when talking about Traditional IRA and Roth IRA. In general, your participation in a TSP does not affect your eligibility to contribute to TIRA/Roth IRA's. However, contributing to a Roth TSP can affect your eligibility to contribute to a Roth IRA.

<a rel="nofollow" target="_blank" href="https://www.tsp.gov/index.html">https://www.tsp.gov/index.html</a> is the best place to look for guidance regarding maximizing your contributions.
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xvincentz
New Member

What is the combined yearly total amount in 2018 I can contribute to my TSP, TSP Roth, Traditional IRA, and Roth IRA.

Thanks, exactly what I needed to know.
PaulaM
Employee Tax Expert

What is the combined yearly total amount in 2018 I can contribute to my TSP, TSP Roth, Traditional IRA, and Roth IRA.

You are welcome 🙂 I will summarize in answer below.
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PaulaM
Employee Tax Expert

What is the combined yearly total amount in 2018 I can contribute to my TSP, TSP Roth, Traditional IRA, and Roth IRA.

Elective deferral amounts for 2018 are $18,500. Catch up contributions for those 55 and over are $6,000. See link below for additional info on contribution limits.

https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/contributionLimits.html

That total is the same whether you contribute to a Tradtional TSP or Roth TSP. The answer gets more complicated when talking about Traditional IRA and Roth IRA.

In general, your participation in a TSP does not affect your eligibility to contribute to TIRA/Roth IRA's. However, contributing to a Roth TSP can affect your eligibility to contribute to a Roth IRA.

See TSP link below for guidance regarding maximizing your contributions, or contact the TSP custodian.

https://www.tsp.gov/index.html 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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