Can I move my TSP to an IRA while still employed? You can do anything with the IRA that you can with TSP plus. If you take the monthly payment from the IRA and decide to require it in an emergency, it is no problem. You can do it with TSP after you are ready to pay monthly. If you don’t require a monthly payment, you can withdraw more often, once a year, twice a year, or just let it. With your TSP, you can withdraw one time. If you require money from your account, you need to withdraw fully for monthly, full, and combination.