mindofmush wrote:(Remember to transfer Roth TSP to a Roth IRA before 70.5 age to avoid the minimum required withdrawls.)
If a person has both Roth and Traditional components in their TSP, can they choose to only transfer one component or the other?
Moderator: Aitrus
mindofmush wrote:(Remember to transfer Roth TSP to a Roth IRA before 70.5 age to avoid the minimum required withdrawls.)
jethro wrote:mindofmush wrote:(Remember to transfer Roth TSP to a Roth IRA before 70.5 age to avoid the minimum required withdrawls.)
If a person has both Roth and Traditional components in their TSP, can they choose to only transfer one component or the other?
mindofmush wrote:If you want to transfer almost all out, leaving the account open then you effectively have only 1 lump sum withdrawal/transfer available.
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Monthly payments from either Roth TSP or Traditional TSP are considered "withdrawals" not "transfers" and are limited to annual IRA contribution limits ($5500/$6500) and assuming earned income greater than contribution.
XI. YOUR TRANSFER ELECTION FOR ROTH BALANCE—After you complete this section, take or send this page (including the instructions on the back) to your IRA or plan. Your IRA trustee or plan administrator must complete Section XII. You must submit the completed package in order for your transfer to be processed.
...46. MonthlyPayments. Indicate %age of your Roth monthly payments that you want to transfer: ____
XII. TRANSFER INFORMATION FOR ROTH BALANCE
I believe you want the TSP-99 form, which is actually called a withdrawal. The TSP website wants you to login to your account at tsp.gov, then go to Online Transactions > Withdrawals and Changes to Installment Payments. You want the form on the right side, "Withdrawal Request for Separated and Beneficiary Participants".alphaalpha wrote:Hello, what is the process for rolling over TSP to an IRA. I have a Vanguard account and want to do a partial rollover. I don't readily see this on the official TSP site.
Paul Merriman 2 fund strat: (age - 25) x2.5 = TDF + balance into S fund or variation ofTimboSlice wrote: "People really need to stop overthinking this."
Fund | Price | Day | YTD |
G | $18.15 | 0.05% | 1.05% |
F | $19.08 | -0.06% | -0.74% |
C | $82.21 | 0.11% | 10.55% |
S | $82.43 | 0.30% | 6.92% |
I | $42.57 | -0.24% | 5.95% |
L2065 | $16.38 | 0.02% | 8.37% |
L2060 | $16.39 | 0.02% | 8.38% |
L2055 | $16.39 | 0.02% | 8.38% |
L2050 | $32.73 | 0.01% | 6.95% |
L2045 | $14.91 | 0.02% | 6.58% |
L2040 | $54.38 | 0.02% | 6.22% |
L2035 | $14.34 | 0.02% | 5.79% |
L2030 | $47.67 | 0.02% | 5.38% |
L2025 | $13.15 | 0.03% | 3.43% |
Linc | $25.61 | 0.03% | 2.82% |