Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Thrift Savings Plan

Reply to topic
Money Talk > Thrift Savings Plan

Author Thread
l0et9pwd
First Time Poster


Cash: $ 0.25

Posts: 1
Joined: 04 Apr 2005

Thrift Savings Plan  Reply with quote  

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]
Post Mon Apr 04, 2005 8:16 pm
 View user's profile Send private message
Wheels
Preferred Member


Cash: $ 21.52

Posts: 106
Joined: 17 Mar 2005
Location: Nashua NH
 Reply with quote  

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
Post Mon Apr 04, 2005 9:16 pm
 View user's profile Send private message
Rolo
Yo' Daddy


Cash: $ 309.70

Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
Re: Thrift Savings Plan  Reply with quote  

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."
Post Mon Apr 04, 2005 9:47 pm
 View user's profile Send private message Visit poster's website
SkyPilot
Senior Member


Cash: $ 100.11

Posts: 492
Joined: 13 Mar 2005

 Reply with quote  

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.
Post Mon May 02, 2005 8:14 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2018 - A