How to take advantage of Roth TSP option

Friday - 5/13/2011, 4:25pm EDT

Ed Zurndorfer, registered employee benefit consultant

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The Federal Retirement Thrift Investment Board is setting aside funds to launch a new Roth option, as early as April 2012.

Congress ordered the board to create the new Roth option back in 2009.

It will let participants make taxable contributions to their retirement accounts and then make tax-free withdrawals later on.

Ed Zurndorfer, registered employee benefit consultant, explains who and how to take advantage of the Roth option.