TSP Rollover to NAVY FED IRA for now?

[Anonymous]

Receiving a sizeable sum from divorce settlement from tsp. Is there anything wrong with moving it to my credit union IRA until I figure out what to do with it? I have a retirement account with TIAA and don't know that I want all my money in the same location.

Yes, I am seeking a non fiduciary financial advisor soon. TIA.

[Anonymous]

Anonymous wrote:Receiving a sizeable sum from divorce settlement from tsp. Is there anything wrong with moving it to my credit union IRA until I figure out what to do with it? I have a retirement account with TIAA and don't know that I want all my money in the same location.

Yes, I am seeking a non fiduciary financial advisor soon. TIA.

You want someone who IS a fiduciary, not someone who is not.

Nothing wrong with moving this to an IRA, but check the fees. Fidelity and Vanguard tend to run cheaper. TIAA is not bad on fees either, actually—what is the reason for your concern about the same company selling you multiple different financial instruments/products?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Receiving a sizeable sum from divorce settlement from tsp. Is there anything wrong with moving it to my credit union IRA until I figure out what to do with it? I have a retirement account with TIAA and don't know that I want all my money in the same location.

Yes, I am seeking a non fiduciary financial advisor soon. TIA.

You want someone who IS a fiduciary, not someone who is not.

Nothing wrong with moving this to an IRA, but check the fees. Fidelity and Vanguard tend to run cheaper. TIAA is not bad on fees either, actually—what is the reason for your concern about the same company selling you multiple different financial instruments/products?

Thanks. Meant fiduciary. I’m uncertain at the moment about having it all in TIAA. Maybe nothing wrong with it all being there.