Joint versus individual titles


Q. My husband retired last December but left his TSP balance in his account. I have a traditional IRA in my name only with Invesco mutual funds. I am going to add his name to the account to set up joint ownership. Can he then transfer his TSP balance into our joint account, or does he have to have an IRA in his name only to make the transfer? We won’t need the money for at least another 3 years when I retire under FERS .

A. An IRA may not be held in joint title. Only individual title is permitted.


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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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