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Thread: Retired and should I move funds out of TSP?

  1. Default Re: Retired and should I move funds out of TSP?

    Great info - thanks!

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  3. #14

    Join Date
    Jul 2016
    Location
    Texas
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    1,998

    Default Re: Retired and should I move funds out of TSP?

    Quote Originally Posted by DreamboatAnnie View Post
    Also, very important to review this TSP Tax notice
    https://www.tsp.gov/PDF/formspubs/tsp-583.pdf
    Page 2, Section 3 note is very interesting. Not certain what it means. Seems to indicate a child who receives a transferred inherited IRA cannot have a balance transferred to anyone else at their death. ????

    Best wishes to you.
    The inherited IRA can be transferred upon death but the rule are different. For someone who inherits an inherited IRA, they have to take the RMD based on the original person's RMD factor at their date of death and the factor (denominator) decrease by 1 every year.

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  5. #15

    Default Re: Retired and should I move funds out of TSP?

    Quote Originally Posted by 2moryrs View Post
    Whatever you decide to do, pick an amount to leave in the TSP so that WHEN you are not happy with all the fees and expenses that you will have (that you don't have with the TSP) you can come back to the TSP.
    csh
    Since my retirement 8 years ago, I explore this option just about every 6 months. Run through numbers, mull it over and end up not doing anything.
    In my TDA and Schwab accounts I've managed my own investments for about 12+ years and have done quite well.

    A person could use one of Schwab's zero commission ETF's. SCHD (Dividend Equity ETF) the fee is 0.06% and the dividend yield is 2.90%. Assuming diversification on a 1MM TSP, putting 10% into SCHD the expenses would be about $60/year and the dividend would be about $2,900. The average dividend on a portfolio of 10 ETFs, could be about 1.4%. On a 1MM account that is $14,000 with an expense average of about $1,000.

    Keeping this thread moving in the on topic question, doesn't it seem reasonable to consider doing this?
    Although I was blind, now I see.

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