The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: scott27 on May 10, 2016, 08:31:19 AM

Title: TSA and IRA
Post by: scott27 on May 10, 2016, 08:31:19 AM
Hi everyone,

I have a question, and it may be a dumb one.  I am new to all this, but am very excited to have finally seen the light, and I am trying to learn fast about saving and investing.  I make a living through multiple part-time government jobs.  I contribute to an IRA I have with Vanguard, and additionally, though one of my jobs, I make mandatory contributions to a TSA that is an "Alternative to Social Security."  I will be leaving that job, and I don't really know what I'm supposed to do with the TSA.  I know that once I leave the job, I am allowed to make withdrawals from the account, but I would pay tax on that.  Is it possible to roll it into my IRA, or should I keep it in its current form but transfer it to Vanguard?  If I roll it into my IRA does it count as a contribution?  (It's a small amount, I haven't been at the job long).  Thanks for your help!