Over 60, rollover part of my TSP funds into my IRA

[PaulS65]

I'm over 60. I'm wondering how many and how frequent may I rollover part of my TSP funds into my IRA?

[JulieS]

Yes, you are allowed to rollover your Thrift Saving Plan (TSP) to an IRA and there isn't a limit for how often you can do this.

If you roll the funds to a traditional IRA, you have to report the 1099-R on your tax return, but it won't be included in your taxable income. 

If you roll the funds to a Roth IRA, you have to report it and it'll be taxable, or partially taxable, in the year the rollover happens. 

You may have heard that there is a one per year limit for IRA rollovers. That only applies to certain rollovers where both accounts are IRAs. 

[dmertz]

There are no statutory limitations.  Limitations on the frequency or amount of distributions from the TSP are those imposed by the TSP plan itself (and there are limits).

In-service distributions:  https://www.tsp.gov/publications/tspbk12.pdf

Distributions after separation from service:  https://www.tsp.gov/publications/tspbk25.pdf