August 5, 2013 — This week on For Your Benefit, hosts Bob Leins and Tammy Flanagan discuss how to transfer a Voluntary Contribution account as well as a traditional IRA to a Roth IRA without incurring an income tax.
Click here for this show’s information guide and please print this out before listening to the show.
Bob and Tammy begin with a discussion of the Voluntary Contribution account and follow its path to a Roth IRA.
After this, they address the intricacies of transferring traditional IRA funds to a Roth IRA tax-free.
This is an annual show that provides clear instruction as well as a reference for later use.
Voluntary Contributions refers in this instance to payments CSRS employees may make to the Civil Service Trust Fund, where they can earn tax-deferred interest on some of their savings for retirement. FERS employees are not eligible to participate in this program.