Ask The Experts: Money Matters

By Mike Miles

Rollover limit

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Q. I know partial withdrawals are limited to one in retirement under TSP. Does this apply to rollovers as well? I want to top off my marginal federal tax bracket each year until I hit 70-½ by doing a TSP rollover of a varying amount to my existing external Roth account. If I have to use the monthly payment option to do it, it’s just too much trouble.

A. Only one lump-sum TSP withdrawal or rollover is allowed per lifetime.

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