Transfer a TSP
Thrift Saving Plans (TSP) can be used to fund a self-directed IRA.
Funding a Self-Directed IRA with TSP Transfers
What you need to know about transferring funds from a Thrift Savings Plan
- A Thrift Savings Plan is a tax-qualified retirement plan for United States civil service employees and retirees as well as for members of the uniformed services. Call your plan administrator to determine if a transfer of funds is permitted. The trustee to trustee transfer is not a taxable event. Unlike an IRA transfer, the TSP trustee will accept instructions only from the account owner, YOU. In some cases, you will need to have the transfer paperwork notarized. Once the transfer is initiated, please allow two to three weeks for the funds arrive to your new Self Directed IRA.
The Benefits of a TSP Transfer
- A trustee to trustee transfer is NOT a taxable event
- You can transfer funds to a Roth or Traditional Self Directed IRA
The IRA Club Difference
- IRA Club will provide clear TSP transfer instructions
- A sample of a TSP-70 can be provided to help you complete your paperwork
- You will be informed once we have received the funds