Q. I was recently hired as a GS employee and have a good amount of prior military time. I am in the process of saving up for the military buyback. I have money in a an IRA which I am no longer putting funds, due in part to the fact I am investing heavily in my TSP. Can I use the money in my IRA towards my military buyback?
A. The buyback may only be made with after-tax dollars, so you can’t roll your Traditional IRA balance over to do it. If you want to use the funds for this, you’ll have to withdraw them first.