TSP Roth IRA

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Q. I am currently deployed and trying to read up on the upcoming Thrift Savings Plan Roth Individual Retirement Account. Will I be able to do an interfund transfer of my existing balance, as well as my contribution allocation, in the TSP from my other funds into the Roth IRA TSP? If so, will I be able to do so online, as I can with the other allocations/balances?

A. We’ll find out exactly how the program works when the details are announced.

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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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