What are TSP transfers to an IRA – What is a TSP Transfer to IRA? 1-800-566-1002 . What is the best type of tsp transfer to IRA and learn how you can avoid the most common mistakes that individuals have made when looking to transfer a TSP into an IRA retirement account . Considering Rolling Over Funds From Your Thrift Cost Savings Strategy to an IRA? Consider This. As I mentioned above, in many cases, it makes good sense to leave your account open unless you have a particular factor for moving the funds out. Without a waiver or extension of the 60-day rollover period, amounts not rolled over within the 60-day period do not get approved for tax-free rollover treatment. Instead, the amounts not rolled over need to be dealt with as a taxable distribution from the IRA or certified retirement plan such as the TSP. These amounts are taxable in the year distributed, even if the 60-day duration expires in the next calendar year. There may be a 10 percent early withdrawal charg...
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