Timothy Sumer

What are transfers for TSP to IRA – What is a transfer TSP to IRA? 1-800-566-1002 . What are the best types of transfer of tsps to iras for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to conducting a transfer of tsp to ira for retirement. Rolling Over Your retirement account to an IRA Before I begin here are some Traditional IRA Facts as of 2009/2010: - Tax deductible contributions of $5,000 ($6,000 age 50 and above) - AGI (Annual Gross Income) for deduction is: Single= Head of household is more than 55,000 but less than 66,000 and Married= 89,000 but less than 109,000 if filing joint - Withdraws begin at age 59 1/2 and are MANDATORY by 70 1/2 - Taxes are pain on earnings when withdrawn from IRA - Can purchase investments such as Stocks, Bonds, Mutual Funds, ETFs, CDs, Treasuries, etc. - Funds withdrawn prior to 59 1/2 are subject to a 10% penalty - With some exceptions such as purchasing a 1st home, ed