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Updated almost 5 years ago on . Most recent reply
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Can you transfer a TSP account in to a Qualified Retirement Plan?
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
@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.