Roth TSP rollover to Roth IRA

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Q. I just opened a new Roth IRA because I thought I could rollover my TSP Roth funds to it. Now I am being told I cannot. I am retiring at the end of March and was hoping to have this resolved and only keep the traditional money in the TSP. Is this possible to do and, if so, how (forms?), etc?

A. You may roll your Roth TSP funds into a Roth IRA. You will find space to request this in Forms TSP-70 and TSP-77. You may not, however, withdraw only your Roth TSP assets. Any distribution from your account will be taken from both Traditional and Roth funds.

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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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