I contribute 100% to roth TSP. The govt match is 100% pre tax.

Starting next year, you can do in plan roth conversions.

Anonymous wrote:

Anonymous wrote:You are stepping over dollars to pick up pennies. Open up a Roth with Robinhood, get a match when they offer it, and buy low, sell high.
I did 100% last year and on track to do the same this year. Vanguard is useless dinosaur.

If a standard user contributes $7,000 to their Roth IRA (the maximum for 2024), Robinhood would contribute $70 (1% of $7,000).
If a Gold member contributes $7,000, Robinhood would contribute $210 (3% of $7,000).

That's literally peanuts from Robinhood matching, not worth it to open account with them.

I moved a $1m Roth to Robinhood and they added a 3% $30,000 bonus directly to the Roth. Didn’t seem like peanuts to me.

this. you can do either pre-tax or roth or a combination. the match is always the first 5% (?) in dollars pre-tax or post-tax. the match will be considered pre-tax even if your money was roth contributions.

Anonymous wrote:

Anonymous wrote:You can contribute to traditional TSP, Roth TSP, or a mix of both. Govt contribution (the match) goes into traditional TSP.

https://www.tsp.gov/making-contributions/traditional-and-roth-contributions/

OP here. Thank you. That's what I always have thought that Roth TSP account doesn't get any match, only traditional match.

To further clarify, the govt will match the contribution you make to your Roth tsp but the money goes into a traditional tsp.

Anonymous wrote:You are stepping over dollars to pick up pennies. Open up a Roth with Robinhood, get a match when they offer it, and buy low, sell high.
I did 100% last year and on track to do the same this year. Vanguard is useless dinosaur.

If a standard user contributes $7,000 to their Roth IRA (the maximum for 2024), Robinhood would contribute $70 (1% of $7,000).
If a Gold member contributes $7,000, Robinhood would contribute $210 (3% of $7,000).

That's literally peanuts from Robinhood matching, not worth it to open account with them.

You are stepping over dollars to pick up pennies. Open up a Roth with Robinhood, get a match when they offer it, and buy low, sell high.
I did 100% last year and on track to do the same this year. Vanguard is useless dinosaur.

Anonymous wrote:Just think about what Roth is. It’s after tax contribution. How would it make sense for the government to do that? It doesn’t pay taxes to itself.

OP here. I agree, that's why I was suprised that my coworker said about government putting match to Roth IRA.

Just think about what Roth is. It’s after tax contribution. How would it make sense for the government to do that? It doesn’t pay taxes to itself.

Anonymous wrote:You can contribute to traditional TSP, Roth TSP, or a mix of both. Govt contribution (the match) goes into traditional TSP.

https://www.tsp.gov/making-contributions/traditional-and-roth-contributions/

OP here. Thank you. That's what I always have thought that Roth TSP account doesn't get any match, only traditional match.

You can contribute to traditional TSP, Roth TSP, or a mix of both. Govt contribution (the match) goes into traditional TSP.

https://www.tsp.gov/making-contributions/traditional-and-roth-contributions/

For those of you who work for federal government, are able to answer my question. I am a federal employee for 11 years. I only contributed to traditional TSP, most of the years maximum amount per year. I have Roth IRA with Vanguard to which I have contributed some of the years. I never contributed to Roth TSP, since I have Vanguard. I'm in my late 40s. I recently talked with a coworker who stated that she contributes to both Roth and traditional TSP, so that she can take an advantage of matching ( up to 5%) in both accounts. She said that whatever money she puts in Roth TSP, she gets a match. I'm so confused by this. I thought matching was only with traditional TSP, not Roth TSP. Should I switch from Vanguard Roth IRA to Roth TSP to take an advantage of the match?