Q. In hindsight, l mistakenly took out $125,000 from my TSP to invest in another product that didn’t do very well. Of that amount, $25,000 is in a Roth IRA (yes, l paid the taxes on that), and l’m feeling pretty good about leaving that alone. What I’m wondering is (1) can l redeposit the $100,000 back into the TSP having only 18 months before l retire or (2) should l take the money out of the poorly performing account and buy a deferred annuity that will tie it up for about 10 years?
Q. I will be 58 years old in March. I have 27½ years with the U.S. Postal Service. I am thinking of retiring from USPS within six months. I don’t think I can hold out for the supplement for 2½ more years. I am a carrier and completely burnt out. If I roll my TSP into an IRA, there is a limit I can withdraw per year, correct? If I leave my TSP alone, can I take out $1,000 per month?
Q. I just returned to government employment after a long break in service and am in CSRS Offset. Can I use my IRA (Traditional) to roll over my owed redeposit money into CSRS? My IRA is with Vanguard, and they were unsure about the penalties involved. I called the IRS and no one there knew.
Q. Is it possible to roll over just my Roth TSP account to a IRA and leave the non-Roth account in TSP? The big drawback that I see in the Roth TSP is not being able to direct it separately from the non-Roth account. What is your take on this issue, and is there any way to work around it?
Q. I am 60 years old and was wondering whether I can open a TSP Roth IRA in addition to my TSP Traditional IRA that I started 22 years ago, and withdraw from it in approximately two years without any penalty when I plan to retire and start withdrawing my TSP. What are your thoughts?
Q. I agree with you that the TSP is hard to beat when it comes to maintenance costs, etc. However, the TSP’s limited options when it comes to withdrawing the money don’t fit into my retirement plans. I’m considering using the TSP partial withdrawal option to roll over about half my TSP into a Vanguard IRA when I retire. At a later date, I’d use the full withdrawal option to move the rest of my money into the Vanguard IRA. That way I’d have some money readily available to me and I’d be leaving some in the TSP for as long as possible. Is there anything that…
Q. I am a 62-year-old government employee and will have had a Roth TSP opened for five years by 2018. I plan on doing a rollover to a Roth IRA after I retire from government. Does the five-year window restart for tax-free withdrawals after the money has been transferred from the Roth TSP to the Roth IRA?
Q. Let’s suppose I have a TSP account balance of $300,000, and when I die I leave the $300,000 to my spouse in a beneficiary participant account (BPA). She then sets it up so the two children we have are beneficiaries in equal shares. When she passes, my understanding according to TSP rules is the children cannot transfer the money into an inherited IRA to minimize their tax consequences. The money will have to be paid out in equal shares to the children and be fully taxable. I was told that in this case the spouse should transfer the money out of…
Q. I have a Traditional IRA and a Roth IRA outside of the TSP. I am maxing out my annual TSP contributions and my annual catch-up contributions. Am I able to transfer both of the outside IRAs into the TSP without affecting my annual contribution limits?