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The Thrift Savings Plan (TSP) is designed to help federal employees and military service members save for retirement on a tax-advantaged basis. If you decide to leave federal employment, one thing ...
Participants who leave Federal service may leave their accounts with the TSP, roll over the TSP accounts into an IRA or (if leaving for a non-Federal employer, and where eligible) a retirement account with the new employer, subject to the requirements below.
Just over two-thirds of Vanguard’s survey respondents who kept their cash investment after a rollover said they didn’t know how their IRA assets were allocated. Meanwhile, only one-third said ...
The 60-day rollover rule is one of the many traps that lie in wait for investors rolling over a retirement account such as a 401(k) or IRA. You have to follow the rules exactly, or you could end ...
Private sector employers that once offered workers traditional pensions, typically defined benefit plans, have been encouraging people to roll over their pensions into tax-advantaged plans like ...
The best course of action is to roll over tax-deferred funds into a non-IRA retirement account first (or keep them at your old 401(k)), do your backdoor Roth, and then roll them back over to the ...
Employer-based retirement plans are also eligible for Roth IRA conversion through a rollover option. This means that 401(k) accounts from previous employers can be converted to Roth IRAs as long ...
When moving funds from a 401(k) to an individual retirement account (IRA), many investors unintentionally leave their money in cash, a costly mistake that often goes unnoticed. A recent Vanguard ...