Converting TSP funds to a Roth IRA


Q: I retired last year under the Civil Service Retirement System and have read that the rules for Roth IRAs have changed. Can I roll over my Thrift Savings Plan money to a Roth IRA in order to reap the tax-free benefits down the road? I’m 61, and will not be eligible for Social Security. If I can roll over the money, is there a limit as to how much?

A: You may convert your TSP funds to a Roth IRA and there is no limit on the amount. However, you should carefully consider whether this would be in your best interests. A competent, unbiased analysis based on your circumstances is required, not a rule of thumb or one of those online calculators.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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