"...The Thrift Savings Plan now has nearly $100 million in Roth assets as a result of the retirement option’s increasing popularity among federal employees and servicemembers, according to the board that manages the TSP.
The amount of money in the Roth pool doubled in the last two months; in September the balance was $48.7 million and at the end of November it was $97.5 million, reported officials from the Federal Retirement Thrift Investment Board during its monthly meeting in Washington on Monday. “The pick up on Roth continues to be strong,” said Renee Wilder, director of the board’s Office of Enterprise Planning. There are 73,041 enrollees with Roth balances, up from about 40,000 in August.
The TSP Roth option, unveiled in May, allows beneficiaries to invest money that already has been taxed and cannot be taxed again upon withdrawal, unlike traditional TSP investments. With Roth’s addition, participants now can invest pretax or after-tax dollars in any of TSP’s offerings as long as their total contributions are within Internal Revenue Service’s limits..."
