l0et9pwd
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 04 Apr 2005
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| Thrift Savings Plan |
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I currently have about $30,000 in the Thrift Savings Plan and have it pretty much spread across the board. I recently retired from the Federal governement in September 2004 and am wondering whether I should take the funds and roll them into another type of account.[color=blue][/color]
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Mon Apr 04, 2005 8:16 pm |
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Wheels
Preferred Member
Cash: $ 21.52
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Joined: 17 Mar 2005
Location: Nashua NH
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I guess it depends on a lot of factors. How old you are? Are you going to begin to draw on the money? Are you going to trade with it or do you want to leave it alone and watch it grow?
For me (keep in mind I'm not even eligible for 7 years), I plan on leaving it in TSP. I'll be using my balance for income. I'll have to use "substantially equal payments via the IRS life expectancy tables" because I'll be less than 55 when I go. But TSP does all that for you and I like the account access that I have now so I'm leaning towards leaving it in.
Dave
Last edited by Wheels on Tue Apr 05, 2005 2:43 am; edited 1 time in total |
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Mon Apr 04, 2005 9:16 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
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Joined: 13 Mar 2005
Location: Colorado/Florida
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| Re: Thrift Savings Plan |
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quote:
Originally posted by l0et9pwd
am wondering whether I should take the funds and roll them into another type of account.
Can you do better elsewhere with other funds? That is the question to answer to answer your question.
"Expect me when you see me."
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Mon Apr 04, 2005 9:47 pm |
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SkyPilot
Senior Member
Cash: $ 100.11
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Joined: 13 Mar 2005
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TSP also has the advantage of moving $'s between funds without the charges you may accrue in other plans. TSP will likely cost less in terms of other management fees as well. I know that some funds cannot execute transfers as quickly as TSP does either, even with the lag time. So, there may be benefits that might justify staying with TSP, again, depending on how strong your other options are.
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Mon May 02, 2005 8:14 pm |
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