Re: tsptalk's Market Talk
Originally Posted by
losingmoney
I am definitely watching that dollar. Went to F today to lock in the gains. Probably will regret it tomorrow. But I do have a question. Why would people not just move their money out of TSP and into a direct rollover in E*TRADE? Then just buy the spy or whatever etf they wanted. Or stock. Then you can move as often as you want instead of twice a month. Just seems to make since to me, I could be completely wrong. Have not done anything yet. But looking into it.
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You can't.
The best you can do is roll-over it to another retirement account such as a Traditional IRA. You can do that when you quit or when you retire.
Also, while I am not certain of the trading expenses I would bet that the annual expenses for TSP are significantly less than E*Trade. That doesn't mean your idea is bad - I will do it on either quitting or retiring. But, it does mean that you will have to have a greater return to overcome the additional fees. I think the TSP annual expenses are something like 0.17%.
Lookin' up at the 'G Fund'!!!
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