TSP Transfers and Rollovers - United States Office of Personnel Management
TSP Transfers and Rollovers:
How, When, and Why (or Why Not!)
Presented by:
Federal Retirement Thrift Investment Board
March 2015
Transfers and Rollovers
? Transfer (aka direct rollover)
? Money moves directly from one account or retirement plan to the other
? Rollover (aka 60-day or indirect rollover)
? You must complete the transaction within 60 days ? May result in taxes, withholdings, and/or
penalties if not properly executed
See instructions on Forms TSP-60 and/or TSP-60-R for more information
IRAs and "Plans"
? IRAs ? Individual Retirement Accounts (or Individual Retirement Arrangements), including:
? Traditional ? Roth ? SIMPLE
? Plans ? eligible employer plans, including:
? TSP ? 401(k) ? Profit-sharing plans ? 403(b) plans ? 457(b) plans
When can I make a transfer or rollover?
? The TSP can accept inbound rollovers and transfers any time, as long as your account is open and has a balance greater than $0.00
? The TSP can only make outbound transfers as part of certain withdrawals (see the Tax Notice, TSP-536, Important Tax Information About Payments From Your TSP Account, for more information)
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