2025-19538Proposed RuleWallet

Federal Workers Can Now Roth-ify Their TSP Savings—Taxes Today!

Published Date: 10/15/2025

Proposed Rule

Summary

The Federal Retirement Thrift Investment Board wants to let federal workers and service members convert their traditional TSP savings into Roth TSP accounts. This means you can pay taxes now and enjoy tax-free withdrawals later. Comments on this plan are open until November 14, 2025, so get ready to weigh in!

Analyzed Economic Effects

4 provisions identified: 1 benefits, 3 costs, 0 mixed.

You can convert TSP to Roth

If you participate in the Thrift Savings Plan (TSP) as a federal civilian employee, member of the uniformed services, or spouse beneficiary, you may request to convert amounts from your traditional TSP balance into your Roth TSP balance under the proposed rule.

Converted amounts are taxed now

Under the proposed rule, any amount you convert from a traditional TSP account to a Roth TSP account is treated as a distribution from the traditional account and is taxable in the year you make the conversion.

Minimums, retention, and conversion caps

The proposed rule requires each conversion request to be at least $500, a participant or beneficiary must have a vested account balance of at least $500 to be eligible, and participants must retain at least $500 in each of their tax-deferred employee contribution, tax-exempt contribution, agency automatic (1%) contribution, and agency matching contribution balances. The TSP record keeper will also set a maximum number of conversion requests per calendar year, and administrative holds under section 1690.15 will prevent requests while in effect.

Mutual Fund Window not directly convertible

Amounts invested in the TSP Mutual Fund Window cannot be converted to Roth TSP balances unless those amounts are first transferred back into one or more of the TSP core funds.

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Key Dates

Published Date
Comments Due
10/15/2025
11/14/2025

Department and Agencies

Department
Independent Agency
Agency
Federal Retirement Thrift Investment Board
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