Re: Questions About Rolling Over to IRA
What you are talking about is an 'In Service Withdrawal'.
You cannot bounce assets back and forth between retirement accounts. An 'In Service Withdrawal' will have tax consequences and a likely IRS penalty. You will lose far more than you gain by trying this. Look at the 'Hardship In-Service Withdrawal' requirements and how they are taxed/fined.
If you quit, however, you will be able to transfer your TSP assets to a self-directed IRA. Just make certain you do not touch the money - have the transfer occur electronically between the two retirement plan managers.
BTW, while there might be differences for some Federal fields with mandatory earlier retirement ages, but you cannot withdraw assets from TSP till you are 59 1/2. The only way you could is to retire early and take 72(T) withdraws. I am looking into that, but...
Lookin' up at the 'G Fund'!!!
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