My Son (27) just inherited his deceased Mom’s (63) TSP Account. He is the sole Designated Beneficiary and we are transferring the TSP to a Vanguard “Inherited IRA”. Received information from A CFP that the TSP Designated Beneficiary is exempt form the 10 year distribution rule (and can take 72T distributions based on life expectancy) until December 31, 2021.

The basis of the TSP exemption is:

1) the “TSP is defined by the IRS as a Government Plan 414(d) Code” from the TSP website and tax information supplement fact sheet that references IRS Code and;

2) Paragraph C on page 92 of the Secure Act states a provision that pushes “the effective date for governmental plans to 12/31/2021 rather than 12/31/2019.”

Received both 1 and 2 attachments from CFP for review confirmation.

So my question is this in fact correct ( i hope so) so my Son’s Inherited IRA can be distributed over his life expectancy (57 more years) as opposed to 10 years?

Thank you for your feedback