Q. I have some money in a traditional Individual Retirement Account that is doing nothing for me, and I was wondering if I could transfer it to my Thrift Savings Plan account.
I invested roughly $44,000 in June 2008 and, as of March 30, I have a grand total of $46,190 in the account. I am also paying an annual fee of $344 for this IRA. In the same time frame, I made over $30,000 in my TSP account. I realize I will lose about $2,500 in the transfer, but I feel I can make that back up in no time.
A. You may transfer traditional IRA funds into your TSP account as long as the money does not include any nondeductible contributions.