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Thread: Military and Civil Service TSP

  1. #13

    Join Date
    Aug 2011
    Location
    Northern Utah
    Posts
    203

    Default Re: Military and Civil Service TSP

    Thanks for posting that form number. I was just talking with a buddy about this yesterday. He retired from the reserves a couple years ago and was thinking it was a deal only when you retired. I still have a couple years till retirement on the military side but haven't contributed to it in years.

  2.  
  3. #14

    Join Date
    Aug 2011
    Location
    Northern Utah
    Posts
    203

    Default Re: Military and Civil Service TSP

    I printed off the TSP-65 and had it all filled out. I was reading through the instructions and it says, "SECTION II. You can only transfer an account related to employment from which you have separated. Here are your three account-combining options:
    * You are separated from your Federal civilian job, but you are still a member of the uniformed services - your only option is to transfer your civilian account into your uniformed service account.
    * You are separated from the uniformed services, but still a Federal civilian employee - your only option is to transfer your uniformed services account into your civilian account. * You are separated from both Federal civilian employment and the uniformed services - you can combine your accounts in any way you choose."

    It sounds like you can only combine when you separate from either civil service or the military. Am I reading that wrong?

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  5. #15

    Default Re: Military and Civil Service TSP

    hey sillbeer, have you considered playing a game of poker in the tsptalk poker club you joined? there is one on tonight.
    100g

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  7. #16

    Join Date
    Aug 2011
    Location
    Northern Utah
    Posts
    203

    Default Re: Military and Civil Service TSP

    I may get some interest in the future but it fell off my radar for now.

  8.  
  9. #17

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,164

    Default Re: Military and Civil Service TSP

    sillbeer,

    It sounds like you reading the TSP-65 right. You can always call TSP to verify but it makes sense to leave them separate because you have higher contribution limits and advantage of using tax exempt pay for Roth if deployed to combat zone.

  10.  
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