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Personal Investments • Performing a rollover from TSP to Vanguard?

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I recently saw a post about rolling money from another account to Vanguard, but not the other way around, so I am posting my question here.

I left federal service in 2001, but left my money in TSP. The last couple of years I’ve been considering moving the funds from TSP to Vanguard. I assume this would be a rollover from TSP into a Traditional IRA account? (As my TSP account is not a Roth). Knowing there are Bogleheads that are present or former TSP members, I thought I might pick the brains of you folks to let me know what TSP might require of me before I can make the rollover.

TSP rollover document suggests they will send a treasury check to the new account. Is that always the case, or is there some other method that can be used? Should I create a traditional IRA account at Vanguard ahead of time to receive the funds? Are there any headaches or concerns I should be aware of?

Since I am not presently a federal worker, I assume I don’t have to worry about the 59 ½ age limit to do a rollover? (I am 58).

Is this a good time of the year to be thinking about starting the rollover process? Or does it matter?

PS: I went back and looked at a section on withdrawing or requesting a rollover---they say I can do a direct deposit, but will they do it correctly into a IRA account I set up on Vanguard, or will they screw up and consider it a taxable distribution?

Statistics: Posted by Fomalhaut — Mon Nov 25, 2024 11:16 pm — Replies 4 — Views 263



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