Likes Likes:  0
Results 1 to 4 of 4

Thread: TSP HELP, leaving the military

  1. Default TSP HELP, leaving the military

    Im leaving the service and dont know what to do with my account or what i can do with it, can i leave it there until im old enough to take it out or do i have to cancel it somehow or something. Any ideas?


  2.  
  3. #2

    Join Date
    Dec 2010
    Location
    Strongsville, OH
    Posts
    40

    Default Re: TSP HELP, leaving the military

    My personal opinion is that I would leave it right where it is. Even though you can no longer make contributions, you can still control your account and the fees are pretty low. Then, if you are employed by a company that has it's own 401k, you could always transfer your TSP funds into that new account, although I'm not saying that's what you should do, it's merely an option. One of the best things about TSP is that you don't have to make any decisions right away, you can wait until you're ready. So, again, I would leave it alone for now.

  4.  
  5. Default Re: TSP HELP, leaving the military

    so there are no penalties for leaving it where it is. I just cant make contributions after i leave service.


    Quote Originally Posted by Tinslinger View Post
    My personal opinion is that I would leave it right where it is. Even though you can no longer make contributions, you can still control your account and the fees are pretty low. Then, if you are employed by a company that has it's own 401k, you could always transfer your TSP funds into that new account, although I'm not saying that's what you should do, it's merely an option. One of the best things about TSP is that you don't have to make any decisions right away, you can wait until you're ready. So, again, I would leave it alone for now.

  6.  
  7. #4

    Default Re: TSP HELP, leaving the military

    Correct, I left mine there when I retired in 2007 and then started working for the Gov't. Once there I rolled it over into my Civilian Acount...pretty painless. You just have to remember to log in and manage it. But the decision is all up to you, but there are no penalties.

    You may want to go to the TSP Web site and click on Life Events, Your Career and then Separating from Government Service. Here is the link to that if you need it.
    https://www.tsp.gov/lifeevents/enter...vService.shtml
    Last edited by wvango; 08-16-2012 at 07:20 AM. Reason: added a link

  8.  

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
TSP HELP, leaving the military
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
TSP HELP, leaving the military
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
TSP HELP, leaving the military
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
TSP HELP, leaving the military
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes