If a separated TSP participant who has reached his or her TSP RBD and who has elected to receive installment payments of a fixed dollar amount expected to last less than 10 years, the option to rollover money will not be available until the TSP RMD has been satisfied., Now, just because you can do a rollover from your TSP to an IRA doesn’t mean that you should do one. There are pros and cons to rolling money out of your TSP. The following table shows, Several withdrawal methods are available including installments and annuities after retirement. Portability: The TSP is portable, meaning participants can take their account with them if they change jobs or retire., After separating from federal service, you can roll over your TSP balance into an eligible retirement account, such as an Individual Retirement Account (IRA) or a new employer’s 401(k). The rollover typically becomes available after your final paycheck has been processed and your TSP account has been officially closed or transferred., Alternatives to rolling over your Thrift Savings Plan (TSP) upon retirement include withdrawing your funds in a lump sum, purchasing an annuity through TSP, setting up monthly payments, or leaving the funds in your TSP account to continue growing until you need them., Once you turn 73 (75 if you were born in 1960 or later), you’re obligated to take required minimum distributions (RMDs) from a pre-tax Thrift Savings Plan. You can set up a TSP as a traditional account or with a Roth designation..