Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
You must be logged in and allowed to do that
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

137
Posts
85
Votes
Heath Jones
  • Rental Property Investor
  • Enterprise, AL
85
Votes |
137
Posts

Can you transfer a TSP account in to a Qualified Retirement Plan?

Heath Jones
  • Rental Property Investor
  • Enterprise, AL
Posted

I'm looking for information about whether you can rollover funds in a TSP into a QRP, while still working. I have only been working for the Federal government for the past year and a half, so it probably won't be anytime soon. I just wanted to know my options if I decided to do this in the future. Here are some questions:

1) If you are able to, once you roll over what your TSP savings into a QRP, can you sill contribute to the TSP?

2) If you use the funds in the QRP as a down payment on a BRRR property, I imagine you would need to return the funds when you cash-out refinance, but does the cash flow from the property have to go into the QRP. My gut is telling me it does.

I'm sure I'll have more questions, but I think answers for these will set the foundation for the next set of questions. Thanks in advance!!

Most Popular Reply

Account Closed
  • Specialist
  • Dallas, TX
102
Votes |
368
Posts
Account Closed
  • Specialist
  • Dallas, TX
Replied

@Heath Jones You can move your TSP from your current provider, the issue you are going to face is that no bank will allow you to lend on your IRA, the reason being that they can't take it from you if you default on the loan. The only investments you can make are the ones that require specific cash amounts that you have in your possession.

Loading replies...