Browsing: Beneficiaries IRA

Q. I have designated my two daughters as beneficiaries with 50/50 split to my TSP account. One of them works for the federal government and has her own TSP account. The other daughter works in private industry. If I pass away, would they be able to inherit my TSP savings right away and roll over to their own 401(k) or IRA accounts? Would my other daughter be able to roll the payment into her own TSP account ? Do they have to pay any upfront tax when they roll over the payments to their 401(k) or IRA account? A. Your…