Q. My husband after 33 years of marriage has decided on a divorce. He is 63 and I am 61. He has a TSP. I will be receiving 50 percent as part of the divorce settlement. Will I have to pay tax on my share upon distribution or can I roll over my portion into an IRA? I do not have a 401(k). If I have to pay tax, would it benefit me and lower my tax penalty to take a portion over a series of years?
A. See the booklet posted at https://www.tsp.gov/PDF/formspubs/tspbk11.pdf for information about TSP distributions made under court order.
