TSP partial withdrawal


Q. Is it possible to take a partial withdrawal from the TSP, say $100,000, and then reinvest the majority of the withdrawal into a separate IRA within the 60-day limit? I would like to buy another house, using cash from my TSP account, then take a home equity loan on 70 percent appraised value and reinvest this money back into a separate IRA. My hope is to reduce taxes. I am 62 and retired.

A. Yes.



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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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