TSP vs. IRA

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Q. What are the advantages of moving my entire TSP into an IRA when I retire?

A. The only good reason is that you MUST withdraw the money in ways not permitted by the TSP – multiple lump sums, for example. I regularly counsel my clients to leave their money in the TSP as long as possible.

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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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