Ask The Experts: Money Matters

By Mike Miles

TSP rollover

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Q: I will be retiring at the end of March 2011. I plan to roll over my TSP to an IRA. Can I roll it over before I retire? If not, how long does it takes to roll over to an IRA after I submit the form?

A: If you have reached 59 1/2 and have not already done so, you may take an in-service withdrawal and roll it over to an IRA. Otherwise, you will have to wait until you retire to roll over your account. I can’t tell you exactly how long the process will take, but I would allow two weeks, or so.

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  1. Nick Farnsworth Says:
    August 31st, 2010 at 11:04 am

    If you haven’t considered this already, you may want to leave a portion of your savings in the TSP, invested in the G Fund. With a compound return of 4.62% over the past 10 years, you’re not going to find a better RISK FREE investment anywhere.