TSP additions

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Q. Can I add lump sums of money to the TSP from any other source except my paycheck? If so, what are those sources? I am a current federal career employee.

A. You may transfer balances from certain other retirement plans (like 401(k) plans) and traditional IRA accounts as long as they contain only pretax money.

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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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