Question: How Do I Transfer My TSP?

How do I move my TSP money?

Interfund transfers can be initiated on the TSP website.

First, you must access your TSP account and then you must choose “Interfund Transfers”, which is listed under “Online Transactions” on the left side of the page.

You will now find yourself on a page that shows your current fund allocations..

How do I change my TSP address?

If you’re no longer a federal employee or uniformed services member, visit My Account: Profile Settings to change the address. Or while you’re logged in, use our Change in Address for Separated Participants, Form TSP-9, and upload your form in My Account, or fax or mail it to us.

Can I move my TSP to an IRA?

If you decide to roll over your TSP assets to an IRA, you can choose either a traditional IRA or Roth IRA. No taxes are due if you roll over assets from a traditional TSP account to a traditional IRA, or if you roll over your contributions and earnings from a Roth TSP account to a Roth IRA.

What is the safest TSP fund?

G Fund: This fund invests in short-term U.S. Treasury securities that are specially issued to the TSP and is the safest investment choice in the plan. There is no risk of losing principal; however, the fund offers a means of earning interest that can keep up with inflation.

How do I check my TSP balance?

How to Access Your TSP Account OnlineGo to www.tsp.gov.If you know your TSP account number, enter it in the blocks on the upper left hand side and press the Log In button. … If you do not know your TSP account number, click on the words “forgot your account number or user ID?”More items…•

How do I change my TSP address in myPay?

If you’re an active member of the Air Force, Army, Navy, or Marine Corps, you can update your address through the myPay website. Just make sure that you log in and go to the TSP section to change your TSP address. If you change it in the “Correspondence Address” section of myPay, it will not change your TSP address.

Can you lose money in the TSP G fund?

The G-fund is an incredibly unique fund that isn’t available anywhere else in the world other than in the TSP. When investing in the G-fund you have a guarantee from the U.S. Government that you will not lose money in this fund. … Over the last 10 years, the G Fund has averaged a return of about 2.3%.

At what age can you withdraw money from TSP without penalty?

55With the TSP, you are exempt from the early withdrawal penalty if you separate from federal service in the year in which you reach age 55 or later. For IRAs, the early withdrawal penalty will apply on anything you take out up until you reach the age of 59 ½.

Is my money safe in TSP?

Because the fund is invested in short-term U.S. Treasury securities, specially issued to the TSP, principal and interest payments are guaranteed by the U.S. government — which makes it feel like an especially comfortable, secure investment.

How many times can I change TSP allocations?

There is no restriction on the number of contribution allocation changes you may make, but in reality, they can only be effective once a pay period. INTERFUND TRANSFERS: An interfund transfer deals with money that is already invested in the TSP.

What is my TSP address?

You should verify that the TSP has your current address by calling the TSP ThriftLine (1-877-968-3778) or by checking your statements on the My Account section of the TSP website (tsp.gov). Be sure to check information such as the house or unit number and the spellings of the street and city names.