No rollover


Q: I work for the postal service. If there is an early out I would jump at the chance. I would like to use the funds in my TSP to pay off our house and all our other bills. I am 53, my husband is 57. If I transfer the funds to an IRA in his name, when could they be withdrawn without paying a 10-percent penalty. Is this even possible?

A: You can’t transfer or roll over your TSP funds to another person’s IRA.


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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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