Wednesday, September 22, 2010

Thrift Savings Program

Any Thrift Savings Program (TSP) participant, on leaving Federal or military service, may rollover their TSP account into a qualifying retirement account. Upon separation the participant then has 60 days to complete the rollover of the funds to a qualifying account to preserve their tax-deferred status. No other option is available under these circumstances.

Rolling over your TSP into an Individual Retirement Account allows you to maintain tax-deferred investments. And by taking charge of your own money you can increase the value of your retirement funds.

No comments:

Post a Comment