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Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76882  
Subject: Re: TSA Rollover Timing Date: 8/16/1999 11:18 PM
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James - I'm a little surprised you have a TSA as a gov't employee; it's usually for non-profit & public school employees. State & munucipal employees often have access to a "Deferred Compensation Plan" under Section 457 of the tax code...

Regardless, the rules for TSA's allow you to keep your individual contract as long as you like. You may make partial transfers to an IRA if you prefer. The important "triggering" event to allow transfer is your separation from service. Watch for surrender penalties imposed by the TSA issuer, however! The advantage of keeping the TSA account is your ability to borrow (rather than only withdraw) from the account. This may provide additional flexibility & IRA's do not permit loans.

Good luck & best wishes, PP
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