Q.  It is my understanding that it takes 31 days after retirement date (this Nov. 30) for your TSP to be processed. What happens if, due to the process time, you don’t have time to meet the 60-day rollover? It is also my understanding that after age 55 up to 70 1/2, you can take out any amount you need as long as you pay the tax owed. However, once you start taking, will this be used to meet the RMI for all your total  IRA no matter which one you take from.

A.  The 60-day rollover window starts from the time you receive the distributed funds, not the time you request the distribution. You can avoid  the issue altogether by requesting a direct rollover from the TSP to an IRA.



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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 and view his blog at

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