Avoiding RMD

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Q. I am 72 and still working at the Veterans Health Administration. If i move an outside IRA into my TSP account, will I then avoid the required minimum distribution on the outside account?

A. Yes, but you should consult the individual who prepares your taxes to work out the logistics and avoid running afoul of the rules.

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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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