Anonymous wrote:
Anonymous wrote:Roth TSP is favorable for account owners who wish to pass on as much as possible to their heirs. After they retire from federal service, Roth TSP account owners are allowed to rollover their Roth TSP accounts to a Roth IRA. Roth IRAs have no required minimum distribution requirements starting at age 70.5 as do traditional IRAs, 401(k) retirement plans, the traditional TSP, and the Roth TSP. As such, a Roth IRA owner can hold onto the account indefinitely and pass it on tax-free to their beneficiaries upon his or her death.
It all depends...
When you die, an IRA can go to your spouse or others.
They receive it with a basis of its value on the date of death. They can then elect to transfer it to a Roth. They will only pay taxes on any gain in value from the date of death to when they convert. Or so I'm told.
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}