Under 59.5 yr old withdrawal from TSP

[Anonymous]

Is it possible to withdraw from a traditional TSP without penalty by rolling over to a traditional IRA (direct rollover) and then converting to a Roth IRA, paying the taxes, then withdrawing?

I thought that I read that the five year rule to withdraw contributions from a Roth IRA for any reason did not apply to converted funds. Not sure if that's accurate?

Thanks for any insights.

[Anonymous]

Why would you do that OP? Wouldn't it be easier to get a TSP loan?

[Anonymous]

Main reason to not get a loan is to take out more than 50k.

[Anonymous]

Don’t you have to be currently employed as a fed to take a TSP loan? So if you’ve gone elsewhere that could be another reason for OP’s question.

[Anonymous]

Anonymous wrote:Don’t you have to be currently employed as a fed to take a TSP loan? So if you’ve gone elsewhere that could be another reason for OP’s question.

I was thinking same thing. OP not sure if it helps but if you did rollover you can have the money sent to you just make triple sure it is rolled over in 60 days.

[Anonymous]

I believe the TSP recognizes the Rule of 55 so that's an option too.