Q. I still have my TSP account from when I was active duty. The wife and I are young enough to continue depositing from our monthly income. While active duty, deposits were made thru DFAS. Now I’m a civilian and working in the civilian (nongovernment) sector, how do I set up a monthly bank to TSP deposit? Or is this now impossible?
A. While you may, and should, retain your TSP for life, you may not make regular contributions to it from you private sector paycheck. You may move pretax money from IRA or other tax-deferred retirement plan accounts into the TSP as often as you like, however, so this may be a way of indirectly contributing to the TSP in the future.