Convert TSP?


Q. I just retired last month from federal service. My Ameriprise adviser has advised me to move my TSP (which is about $800,000) over to an IRA with Ameriprise and then move some of that amount over to a Roth with Ameriprise. Can I convert my TSP to a Roth TSP? If not, then should I transfer some, none or all of my TSP over to Ameriprise?

A. I am generally not a fan of moving your money out of the TSP or converting pre-tax money to Roth money. I suspect that your adviser may have his own interests in mind in making these recommendations.


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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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