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The "OPEN TIME" for the TSP is coming shortly and I haven't found anyone I work with who is savvy enough to explain the advantages to using this program. Currently my wife and I make our annual $2000 contribution to our differing Roth IRA. I am becoming interested in the TSP by the amount of pre-tax dollars I will be able to put into the plan. My question is how that money will be handled when I leave the service (projected date is in 2 years). I understand I will be able to roll that money into an IRA. But what are the tax consequences, or are there any at all?

Any help would be much appreciated on the subject.
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