Rolling over TSP loan balance into IRA

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Q. Can I roll over the balance of my Thrift Savings Plan loan to an IRA at retirement and keep making loan payments? I am trying to delay the impact of the entire balance being counted as income on my 2012 income tax (assuming I am retiring in August 2012).

A. No. Loans are not permitted from an 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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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