Comments on: Should You Rollover Your TSP Account Into an IRA? http://themilitarywallet.com/thrift-savings-plan-tsp-ira-rollover/ Personal finance for military, veterans, and their families Tue, 22 May 2012 19:18:45 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ryan Guina http://themilitarywallet.com/thrift-savings-plan-tsp-ira-rollover/comment-page-1/#comment-16136 Ryan Guina Tue, 29 Mar 2011 04:47:56 +0000 http://themilitarywallet.com/?p=368#comment-16136 Pat, that is a great option as well. But it's only available when you change employers or any other time you are eligible to roll over a retirement fund. OS it's a good idea, but not something people can take advantage of frequently! Pat, that is a great option as well. But it’s only available when you change employers or any other time you are eligible to roll over a retirement fund. OS it’s a good idea, but not something people can take advantage of frequently!

]]> By: Pat S. http://themilitarywallet.com/thrift-savings-plan-tsp-ira-rollover/comment-page-1/#comment-16098 Pat S. Sat, 26 Mar 2011 17:09:29 +0000 http://themilitarywallet.com/?p=368#comment-16098 What about leaving the funds in the TSP and continuing to transfer from external tax deferred plans? With the expense ratio as low as it is in the TSP, and the easy to understand competitive investment portfolios available, this seems like an even better option. This is a little known provision, that allows you to transfer funds INTO the TSP after you leave military service. This only applies to traditional 401(k) type accounts, but s long as you leave the money in the TSP, it applies. There is some paperwork to go along with it, and you will need to contact both your employer's personnel office and the TSP for rules and other stipulations, but this allows you to keep your funds in the TSP while still investing in tax deferred accounts, and adding to the TSP through a "back door" strategy that many people do not take advantage of. For more information on this provision visit: https://www.tsp.gov/planparticipation/transfers/eligibility.shtml Too many people aren't familiar with this provision, and pull their money out of the TSP without considering the almost non-existent expense ratio and fund choices offered by the TSP. What about leaving the funds in the TSP and continuing to transfer from external tax deferred plans? With the expense ratio as low as it is in the TSP, and the easy to understand competitive investment portfolios available, this seems like an even better option.

This is a little known provision, that allows you to transfer funds INTO the TSP after you leave military service. This only applies to traditional 401(k) type accounts, but s long as you leave the money in the TSP, it applies.

There is some paperwork to go along with it, and you will need to contact both your employer’s personnel office and the TSP for rules and other stipulations, but this allows you to keep your funds in the TSP while still investing in tax deferred accounts, and adding to the TSP through a “back door” strategy that many people do not take advantage of.

For more information on this provision visit: https://www.tsp.gov/planparticipation/transfers/eligibility.shtml

Too many people aren’t familiar with this provision, and pull their money out of the TSP without considering the almost non-existent expense ratio and fund choices offered by the TSP.

]]> By: Hank http://themilitarywallet.com/thrift-savings-plan-tsp-ira-rollover/comment-page-1/#comment-2392 Hank Tue, 30 Mar 2010 12:30:38 +0000 http://themilitarywallet.com/?p=368#comment-2392 Can you split the funds from you TSP by rolling them into two seperate accounts, a Traditional IRA (regular TSP contributions) and a Roth IRA (Tax Exempt contributions)? Can you split the funds from you TSP by rolling them into two seperate accounts, a Traditional IRA (regular TSP contributions) and a Roth IRA (Tax Exempt contributions)?

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