Federal Times: A rule taking effect at the start of the year will align the Thrift Savings Plan, the employer-sponsored plan for U.S. civil service employees, retirees and members of the uniformed services, with other IRA savings accounts, meaning federal retirees can keep money growing in their “after-tax” accounts for longer.

Beginning Jan. 1, 2024, only traditional TSP balances will be subject to mandatory withdrawals. Historically, a required minimum distribution, or RMD, applied to the combined balance of the traditional and Roth TSP account. Participants could’ve skirted that by choosing to take an RMD only from their traditional balance, but that left it subject to tax.

Link to read article: https://www.federaltimes.com/fedlife/financial-planning/2023/10/31/thrift-savings-plan-rule-change-aimed-at-spurring-savings-growth