Moving state pay into TSP

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Q. I’m a retired federal employee and contributed to the TSP during my career. I’ve not taken a withdrawal. I’m 53 and started a new job as a state employee. I signed up for their state-sponsored 457 retirement account. Will I be able to roll that money into my TSP when I retire or leave my state employment?

A. Yes, as long as it doesn’t contain any after-tax contributions.

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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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