Recently a retired federal employee friend asked me about rolling his TSP account into an IRA. My initial thought was, “No, why, there’s no advantage.” But luckily for both my friend and I, research shows that indeed there are at least five advantages to rolling over your TSP after you retire. Here’s a summary of [...]
Roll Your Thrift Savings Plan (TSP) To An Individual Retirement Account (IRA) Upon Retirement?
TSP — New Withdrawal and Transfer Considerations
Pension reforms allow TSP transfers to Roth IRAs By TIM KAUFFMAN August 22, 2006 Beginning in 2008, Thrift Savings Plan participants will be able to transfer their TSP savings directly to a Roth IRA and avoid paying taxes on the funds when they’re withdrawn, under pension reforms signed into law Aug. 17. Currently, TSP participants [...]
TSP — New Withdrawal and Transfer Considerations
Pension reforms allow TSP transfers to Roth IRAs By TIM KAUFFMAN August 22, 2006 Beginning in 2008, Thrift Savings Plan participants will be able to transfer their TSP savings directly to a Roth IRA and avoid paying taxes on the funds when they’re withdrawn, under pension reforms signed into law Aug. 17. Currently, TSP participants [...]
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