A thrift savings plan (TSP) is a retirement investment plan that is only open to US federal employees, military personnel, and members of other uniformed services. A TSP is very similar to a 401k retirement plan. You can move your thrift savings plan to a gold IRA. There are two methods that can be used to move your thrift savings plan over to a gold IRA and begin investing in gold, silver, platinum or palladium metal.
You can rollover your TSP to a gold IRA by withdrawing your money from the TSP and depositing it into an IRA. This rollover process must be completed with 60 days, or the IRS will begin taxing your withdrawal. The deposit must be made as a rollover and not as a contribution. The downside of this method is that mistakes can happen during the process which may result in tax penalties if its not completed in 60 days.
The second method is the best option and the most popular. You can have your TSP funds transfered
directly to one or more IRAs. This is a trustee to trustee transfer that goes directly to the new accounts. You don’t touch any money and you don’t have to worry about deadlines, mistakes, or tax penalties. You can have multiple IRAs and your TSP funds can be moved to those accounts to support different assets.
GoldCo is an A+ BBB rated company in California that offers IRA approved precious metals. They are professionals that can help you roll over your IRA into gold or silver, find the best custodian for your precious metals, and then ship your metals directly to a depository. GoldCo has 16+ years of experience helping customers setup a gold IRA.
Birch Gold Group is an A+ BBB rated company in California that offers a wide range of IRA-approved metals. They offer various storage locations from Equity Trust, Goldstar Trust and STRATA Trust. They have 15+ years in the business and over 7,000 satisfied customers. They are a trustworthy gold IRA company that offers 1-on-1 care.
These gold IRA companies can handle the transfer of your TSP funds to a gold IRA. They will quickly setup an account and transfer all of the funds directly from your TSP to the gold IRA. They can also help you purchase precious metals and even transfer your precious metals directly to an IRS-approved depository.