Readers' Comments
Total Comments: 28
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Seeking Access to the TSP's Billions
Total Comments: 28
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| Close | Change | YTD | |
| G | $13.2114 | +0.0012 | +0.70% |
| F | $13.6201 | -0.0062 | +2.14% |
| C | $13.8116 | -0.0706 | +4.49% |
| S | $17.9282 | -0.1903 | +8.91% |
| I | $18.5079 | -0.0782 | -0.16% |
| Close | Change | YTD | |
| L 2040 | $16.1968 | -0.0789 | +3.59% |
| L 2030 | $15.9593 | -0.0673 | +3.23% |
| L 2020 | $15.7365 | -0.0532 | +2.72% |
| L 2010 | $15.4595 | -0.0197 | +1.57% |
| L Income | $14.0856 | -0.0155 | +1.48% |
March 20, 2010
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TSP Rollover
Army
Thu Jul 31, 2008 4:58 PM
Post Reply
I look forward to rolling my TSP into an IRA, where the investment options are not locked into some myopic 5 funds. An IRA can be in ANY public security, or real estate, or a local small business, or even loans to friends and some relatives. Your TSP money in a decent rental home will provide a bigger annuity than any government option, AND an appreciating asset. Wake up folks. I continue to urge change to the TSP statute to allow roll out to an IRA of the employees vested TSP amounts during service, say even once per year. The statute change would be a few simple wording changes to 5 USC 8433.
Personal Email:
Fred.Greek@yahoo.com
Rollover? Yes!
NOAA
Fri Aug 1, 2008 6:13 AM
Post Reply
After ten years in the private sector I joined the federal service. During those ten years I opened a traditional IRA with Dain-Bosworth, now Dain-Rauscher. So I already have an account, dating back to around 1980.
I plan to roll the TSP into that account when I separate. They abate annual fees on accounts with a balance $250k or more. They will set up a free checking account on the side, with VISA card, etc. I can have all my bills paid automatically by that side-account, and use the VISA card for cash withdrawls at a local ATM.
I will have access to the full range of investment options. For instance in todays market, where we only have to option to go "long" in the TSP, our accounts are not earning much. In my IRA I can go "short" or enter any market worldwide.
I will have access to world-class investment advice and special offers such as new issues and proprietary investments.
Like any government program, the FTRIB hassles us and calls it "service." Bye-Bye!
TSP Funds
VA
Fri Aug 1, 2008 11:30 AM
Post Reply
Remember you can only withdraw money once and then the second withdrawal you have to remove the remaining balsnce. Unless you get an annuity, leaving money in TSP is not very user friendly. More likley than not, you can do much better on your own than the amount of annuity guranteed by TSP. I intend to roll my money over next year, when I retire; in order to have more control over when and how my money is withdrawn and invested.