The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/tsa-rollover--11040079.aspx

Subject:  TSA Rollover ? Date:  7/12/1999  6:37 PM
Author:  James51 Number:  11996 of 75340

Hi. I'm new to TMF and am really impressed with the spirit of the place!! I'm slowly learning a lot.

I wonder if there are any experts out there on Tax Sheltered Annuities? I am employed by a state University and have some dollars sitting in a TSA that I purchased about eight years ago. I now realize (oh no!) how little (6%) this money is earning. I need to get it working for me now! Can I "roll over" a TSA (Employer sponsored through in Insurance Company) into an IRA? I have started a Roth IRA (Vanguard index 500...I'm learning...). Is there any way I can pry the TSA money out of it's straightjacket and put it into my Roth IRA? Serious tax consequences? The agent for the TSA is less than forthcoming about my options...

I will be leaving state service soon and going to work in the private sector. This is still long term (10 yrs+) investment money.

Thanks! James
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us