That's great! I did not know that was an option. Did they withhold taxes on the withdrawal, even though you rolled it over?
I recently completed an Age-Based In-Service Withdrawal, rolling over most of my TSP account into my IRA.
The process took about a month from the time I mailed my papers to my broker to the time the funds were deposited in my IRA. I was disappointed that my funds were in limbo - in neither account - for one week. Fortunately, there were no major market moves during that week so it had little effect on my balance.
I'm curious if these time frames are normal for rolling over TSP funds to an IRA. I'd like to hear from anyone else who has done a rollover from their TSP.
That's great! I did not know that was an option. Did they withhold taxes on the withdrawal, even though you rolled it over?
ripper,
I did a partial withdrawal after I retired and it took 2 weeks from the request to when it posted in my checking account. I would say your timeframe wasn't bad considering you had to deal through your broker. Waiting for everything to move along my TSP account took a slight loss, a slight gain would have been nice. But if I had a chance to do it again I think I would have put everything in the "G" fund just to make sure everything was protected during the time it would take to transfer. Hindsight I guess.
Good luck with your IRA
May the force be with us.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks