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I have a TSP (which is a government 401K) plan that I contributed to for a few years. I separated from the military, so I cannot make contributions to it anymore, and want to roll it into an IRA. (I could just leave it and let it grow, but I'd rather put it into something I can work with)

I am opening a traditional IRA through my bank (because that's the only thing I can roll my TSP into) and my investment options are confusing.

I have my choice of a fix-rate CD, a variable rate CD or a money market account. I thought IRA's were put into stocks and funds.

What gives?

Also, how can I make monthly contributions into a 36 month CD?? It doesn't make any sense.
Yes, I have a disclosure statement, but it seems to assume I already know what I'm doing.

I went to the Fool IRA section, but it was just ads for brokers.

Can anyone clue me in? I'd appreciate it.


To the best of my knowledge, a TSP Account has most of the benefits and must follow the same rules associated with 401k plans. That would include rollovers to your new employer's 401k plan or to a Traditional IRA if that is what you elect to do. Take a look at the following TSP Online Booklet for answers to your questions. There are phone numbers included for additional questions:

Your rollover from the TSP to a Traditional IRA isn't limited to your bank. Personally, I think that you would be much better off, as you are finding out, going through one of the better fund companies like Vanguard:


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