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TSP Transfers and Rollovers: How, When, and Why (or Why Not!) Presented by: Federal Retirement Thrift Investment Board March 2015 Transfers and Rollovers Transfer (aka direct rollover) Money moves

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What is tsp transfers and rollovers?

TSP transfers and rollovers refer to the process of moving funds from one TSP account to another or from a TSP account to an IRA or eligible employer-sponsored plan.

Who is required to file tsp transfers and rollovers?

Individuals who are looking to transfer or rollover funds from their TSP account are required to file tsp transfers and rollovers.

How to fill out tsp transfers and rollovers?

To fill out tsp transfers and rollovers, individuals need to complete the appropriate forms provided by the TSP or the receiving financial institution.

What is the purpose of tsp transfers and rollovers?

The purpose of tsp transfers and rollovers is to allow individuals to consolidate retirement savings, take advantage of investment options, or separate from federal service.

What information must be reported on tsp transfers and rollovers?

Information such as account numbers, amount to be transferred, and receiving financial institution details must be reported on tsp transfers and rollovers.

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