Q. I am my sister’s beneficiary for her TSP account. She recently passed away. I am retired and taking RMD on my IRA, 203B’s, etc. Is it possible to add the TSP funds to my IRA or must I take a lump amount and pay taxes on that amount immediately?
A. A beneficiary participant account will be automatically created for you. You can learn more about this process and the tax implication by reviewing the notice at https://www.tsp.gov/PDF/formspubs/tsp-583.pdf. Lots more information is available at www.tsp.gov.