IRA FBO inherited to TSP?

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BlackDogKC
Posts: 3
Joined: Thu Oct 24, 2024 5:51 pm

IRA FBO inherited to TSP?

Post by BlackDogKC »

Wife is a fed for 3 more months.

She inherited an IRA FBO from her dad. It was NOT a Roth.

Could it be rolled over to her TSP account?

Thanks!

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mjedlin66
Posts: 1623
Joined: Wed Oct 02, 2013 7:51 pm

Re: IRA FBO inherited to TSP?

Post by mjedlin66 »

https://www.tsp.gov/tsp-basics/move-money-into-tsp/

But since the IRA is inherited, she likely cannot roll it over to anything other than an inheritied IRA. Reason being, there are rules in place that the money MUST be withdrawn over a certain number of years.
Owner/creator of TSPcalc.com - "Know your numbers"

BlackDogKC
Posts: 3
Joined: Thu Oct 24, 2024 5:51 pm

Re: IRA FBO inherited to TSP?

Post by BlackDogKC »

Well, I called thrift helpline today. The guy said he had no idea but his guess was yes they could.

I was more confused after calling them.

I have a tendency to agree with you MJ.

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evilanne
Posts: 2081
Joined: Thu May 14, 2015 6:52 pm

Re: IRA FBO inherited to TSP?

Post by evilanne »

No, you can't roll over a Inherited IRA into anything but an inherited IRA (not TSP, tIRA or Roth). If it was recent (Since Secure Act, 2020 or later), it has to be withdrawn within 10 years. You can withdraw the money and invest in brokerage or fund your Roth accounts if you have earned income and are below the income limits for Roth.
FYI: To Transfer an inherited IRA from one institution to another, you need to have the deceased person SSN & Date of Death

BlackDogKC
Posts: 3
Joined: Thu Oct 24, 2024 5:51 pm

Re: IRA FBO inherited to TSP?

Post by BlackDogKC »

Thanks!

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