I was a federal employee and had a TSP divided between government and C fund (S&P 500). I am separating and will need to do something with the money which is approximately $43,000.I am trying to find ways to avoid the IRS % penalties and asking for your advice.1. Traditional IRA?Can I transfer it into a traditional IRA, then withdraw with less penalty than if I took the whole payment out of the TSP without an IRA?2. Are there IRA's linked with mutual funds?Can I transfer the amount into this type of IRA and still withdraw with less percentage in penalty?I will need an answer very soon as once they receive the separation code, the money is released.ThanksSusan
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