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Thread: Military and Civil Service TSP

  1. #1

    Default Military and Civil Service TSP

    Hey guys I havent posted in a while. I may start a GS-6 position soon and have been in the reserves for 7 years now. When I start making contributions in my civil service job will it send the contributions to my military account or will I have a separate TSP account for my civil service job?


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  3. #2

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    Default Re: Military and Civil Service TSP

    Quote Originally Posted by dox1842 View Post
    Hey guys I havent posted in a while. I may start a GS-6 position soon and have been in the reserves for 7 years now. When I start making contributions in my civil service job will it send the contributions to my military account or will I have a separate TSP account for my civil service job?
    You can keep both accounts separate. This link might help. https://www.tsp.gov/planparticipatio...Accounts.shtml
    If you plan to stay in the reserves and you can afford to contribute to both that would be beneficial to you. If you plan to get out of the reserves you should be able to transfer your military TSP to your civilian TSP account.
    May the force be with us.

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  5. #3

    Default Re: Military and Civil Service TSP

    I kept both separate after I retired from the reserves. My military TSP is not getting any more funds so I look at it to compare to my GS TSP.

    Quote Originally Posted by nasa1974 View Post
    You can keep both accounts separate. This link might help. https://www.tsp.gov/planparticipatio...Accounts.shtml
    If you plan to stay in the reserves and you can afford to contribute to both that would be beneficial to you. If you plan to get out of the reserves you should be able to transfer your military TSP to your civilian TSP account.

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  7. #4

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    Default Re: Military and Civil Service TSP

    Quote Originally Posted by dox1842 View Post
    Hey guys I havent posted in a while. I may start a GS-6 position soon and have been in the reserves for 7 years now. When I start making contributions in my civil service job will it send the contributions to my military account or will I have a separate TSP account for my civil service job?
    Separate....you will get a chance to log in to the new (civil service) account. When you do, it will be delineated by the password you submit.

    I've been that way for 11 years now.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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    Check my position

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  9. #5

    Default Re: Military and Civil Service TSP

    You will have a separate account for your civil service job. You will only have one login and be able to go to both accounts.

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  11. #6

    Default Re: Military and Civil Service TSP

    When you leave a federal service job or active duty, does your TSP go away? Do you have to convert to 401k or other retirement or can you remain in TSP and not make contributions?

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  13. #7

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    Default Re: Military and Civil Service TSP

    Quote Originally Posted by Fran1775 View Post
    When you leave a federal service job or active duty, does your TSP go away? Do you have to convert to 401k or other retirement or can you remain in TSP and not make contributions?
    You can keep your TSP but you can't add anything to it. You can still move in between funds though. Depending on your age you might want look into moving it into a 401K then you can add to it and keep it growing.
    May the force be with us.

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  15. #8

    Default Re: Military and Civil Service TSP

    Quote Originally Posted by nasa1974 View Post
    You can keep your TSP but you can't add anything to it. You can still move in between funds though. Depending on your age you might want look into moving it into a 401K then you can add to it and keep it growing.
    Fran,

    Also keep in mind the benefit of "compounding interest" ! Depending on your personal situation, it may make sense to roll it over into whatever "retirement plan"/401(k) you have offered to you at your next "stop" in life, or to one of the available IRAs !!!

    No easy answers...research all your options ! Best of luck to you !


    Stoplight...
    "Too old to rock and roll...too young to die"... - I. Anderson

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  17. #9

    Default Re: Military and Civil Service TSP

    Quote Originally Posted by nasa1974 View Post
    You can keep your TSP but you can't add anything to it. You can still move in between funds though. Depending on your age you might want look into moving it into a 401K then you can add to it and keep it growing.
    TSP cost are very low I kept mine in the TSP.


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  19. #10

    Default Re: Military and Civil Service TSP

    Quote Originally Posted by Frixxxx View Post
    Separate....you will get a chance to log in to the new (civil service) account. When you do, it will be delineated by the password you submit.

    I've been that way for 11 years now.
    My spouse, ex USN and retired USNR, uses same password to his military and civilian accounts. You do not have to log out to check either account. It gives you a drop down to toggle between the two accounts.
    Emotions should never play a role in one's investing strategy!
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  21. #11

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    Default Re: Military and Civil Service TSP

    Quote Originally Posted by Maricar19 View Post
    My spouse, ex USN and retired USNR, uses same password to his military and civilian accounts. You do not have to log out to check either account. It gives you a drop down to toggle between the two accounts.
    They changed it a while back, I have one password now. They were separate until I converted to the new way.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  23. #12

    Default Re: Military and Civil Service TSP

    Hey everyone!! Just an update... I am still in the reserves so I am now in possession of both TSP accounts. Someone I work with said that he merged his reserve tsp account and his FERS account and now just has one account. Has anyone else done this? He is still a drilling reservist too just like me. The form to do it is the TSP-65. Just curious if anyone recommends this or has already done it.

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