Just wanted to say, I did call TSP, and yes, you can keep your TSP account open by leaving a minimum of $200 in the account. Image may be NSFW.1. TSP will only do rollovers by mailing a paper check, either to you (not recommended!) or to the custodian of your new IRA account.
TSP rollover document suggests they will send a treasury check to the new account. Is that always the case, or is there some other method that can be used? Should I create a traditional IRA account at Vanguard ahead of time to receive the funds? Are there any headaches or concerns I should be aware of?
2. Yes, create the IRA account at Vanguard ahead of time, before you request the TSP rollover on the TSP website. You will have to add the new custodian on the TSP website a week ahead of when you want to request the rollover (this is a security measure).
3. If you keep your TSP account open by leaving $200 or more in it (I think, check!), you could rollover back to the TSP in the future if things change for you.
Clik here to view.
I assume, if I wanted to transfer some funds back into TSP, it would have to be from another 401k or traditional IRA sources?
Statistics: Posted by Fomalhaut — Fri Jan 17, 2025 3:07 pm
