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Transferring IRA to a TSP account

By Mike Miles on October 6, 2015 IRA

Q. If you roll over an IRA to a TSP account, can you use that to pay off your mortgage loan? To be more clear, use it to pay off your TSP mortgage loan, not just any old mortgage.
A: No. You must repay any TSP loan with after-tax funds. It can’t be repaid with a transfer from an IRA.

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Mike Miles

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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About the Author

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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