Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Converting TSP Withdrawals to a Roth IRA
Old 03-22-2010, 10:22 PM   #1
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,674
Converting TSP Withdrawals to a Roth IRA

I am taking monthly withdrawals from my TSP account. I want to know if I can convert these withdrawals to a Roth IRA just by sending in a check to my Roth IRA. So if I withdraw $500 and $100 is withheld for Fed taxes and $50 for state tax, can I just write a check for $500 to my Roth IRA without indicating to anyone that this is a Roth conversion. I will, of course, report this on 2010 taxes as a conversion but it is not like I am sending directions to Vanguard to convert a traditional IRA to a Roth with that paper trail. DO I have to instruct the TSP to send the money to VG or can I just take the withdrawal and do it myself?

I have looked at Important Tax Information About Payments From Your TSP Account*(1/2010) - 4 pages - LPV 1/2010 and I am not sure it resolves my question.
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
converting IRA to Roth IRA based on new Roth Rules vs. 72t mbmmccoy FIRE and Money 27 09-28-2009 06:27 AM
Converting a traditional IRA to a Roth summer2007 FIRE and Money 12 06-10-2009 08:42 AM
Strategy for Roth 401k to Roth IRA conversion and withdrawals sweng85 FIRE and Money 9 04-21-2009 10:28 PM
Converting from IRA to Roth IRA with a twist whitestick FIRE and Money 7 03-24-2008 11:42 PM
Converting Traditional IRA to Roth IRA piranha Young Dreamers 4 04-14-2007 07:39 AM


All times are GMT -6. The time now is 05:44 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.