Results 1 to 3 of 3

Thread: leaving service after 16 years roll tsp or not

  1. 10-11-2005, 01:51 AM #1
    zibdi1
    zibdi1 is offline Newbie
    Join Date
    Oct 2005
    Location
    , ,
    Posts
    1

    Post imported post

    I am going to be leaving my job after nearly 16 years of service. I'm trying to decide if I should keep the money in the tsp or roll it into an IRA or put it into an annuity. I have one advisor recommending an annuity 11. I'm leaning towards just leaving it in the tsp for another 20+ years until I'm able to take it out without the taxes and penalties and just opening up a seperate roth IRA. I like the security of it being in there plus not having to pay for transactions, etc... Any suggestions or other ideas would be appreciated. Thanks.
    Reply With Quote Reply With Quote

    2.  
  2. 10-11-2005, 06:26 AM #2
    yakers
    yakers is offline TSP Starter
    Join Date
    Sep 2005
    Location
    Pasadena, CA, ,
    Posts
    38

    Post imported post

    I would just leave it in the TSP. The TSP has a number of decent investment choices at a very low cost. Then when you start saving in a 401k or Roth or after tax account just include the TSP in your overall financial plan. But for core funds the TSPi s pretty good IMHO.
    Reply With Quote Reply With Quote
    3.  
  3. 10-11-2005, 01:54 PM #3
    Rolo
    Rolo is offline Club TSP
    Send a message via ICQ to Rolo Send a message via AIM to Rolo Send a message via MSN to Rolo Send a message via Yahoo to Rolo
    Join Date
    Mar 2004
    Location
    , Colorado, USA
    Posts
    1,463

    Post imported post

    zibdi1 wrote:
    I have one advisor recommending an annuity
    Let me guess: he's an insurance agent. What possible justification can there be for that choice!?

    Roth: You'll pay taxes to convert it...no point in that.

    Traditional: Might be a good idea...more fund/diversification/timing choices. Tax laws should be identical for both. There are plenty of no-fee options for opening an IRA.

    Leave it: Not bad, but can you do better with a Traditional? (that's for you to decide)
    Reply With Quote Reply With Quote
    4.  
« Previous Thread | Next Thread »

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
  •  

Forum Rules

S&P 500 (C fund)
 [Chart]
1d  5d  3m  6m  1y  2y		 Dow Completion (S fund)
 [Chart]
1d  5d  3m  6m  		EFA (I fund)
 [Chart]
1d  5d  3m  6m  1y  2y		 Bonds (F fund)
 [Chart]
1d  5d  3m  6m  1y  2y