IRA rollover


Q. While I know it’s not the smartest thing to “put all of your eggs in one basket,” I do have some questions.  I began working for the U.S. government in May 2005. I plan to have my entire career in the federal service. Currently, my Thrift Savings Plan account is 100% percent invested in the L 2040 fund. In that time, my contributions and matching funds have grown substantially. But, I also have a rollover IRA from a 401(k) that I had while I worked in private industry. This rollover IRA has not grown much, and I have not been able to contribute to it. Am I able to move the IRA monies into my TSP? What are the downfalls of doing this?

A. As long as the IRA contains only pretax contributions, you may transfer the money to your TSP account. I can’t think of any reason not to transfer the funds and can think of a number of reasons you should: lower cost, risk efficiency and easier account management.



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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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