Ask The Experts: Money Matters

By Mike Miles

IRA rollover into TSP

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Q: I joined the federal government more than three years ago. Can I roll over money from my Individual Retirement Account into my Thrift Savings Plan account?

A: Yes, as long as long as your IRA doesn’t contain basis — that is, money that’s already been taxed.

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Comments

  1. Gary Haga Says:
    June 21st, 2010 at 6:34 pm

    Once again you confuse your readers. The IRA can in fact have a basis . . . . as long as the basis itself is not rolled over.