Rolling over IRA into wife's TSP

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Q. I have an IRA with Prudential Insurance. Can I roll over my IRA into my wife’s Thrift Savings Plan account with the federal government? The money would be hers, not mine. This way, when she retires in a year or two, she’d have more money in her TSP account.

I already have a pension and don’t need that money, but my wife’s retirement will be less than mine and I’d like her to have more in her TSP.

A. No.

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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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