tsp and retiring from government work
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Anonymous
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What did you do with your tsp?
Leave it in the TSP? Roll over to IRA/ROTH? What are the advantages/disadvantages. Are there timelines for rollovers? |
Anonymous
| Leave it there! |
Anonymous
| Is there a place to put it if you need to be able to withdraw some of the money? Not ideal, but reality. |
Anonymous
| Not sure what you are trying to do OP. Why not get a TSP loan? |
Anonymous
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I thought that when you leave govt. you can only make a 1 time withdraw.
Is there a better place to rollover the money that permits withdraws (perhaps more than 1 time) in case I need to withdraw the money before i am 70? |
Anonymous
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TSP has the lowest fees, and the best place to leave your money if you can work with their limited flexibility on withdrawal options.
Apparently they are looking at allowing more flexibility, but that is a long term option. |
Anonymous
| If I anticipate needing to make withdrawals, where shouls I put the money? |
Anonymous
I would ask this question on bogleheads.org |
Anonymous
Not at all. You can leave your money in the TSP https://www.tsp.gov/planparticipation/withdrawals/accountOptions.shtml Please take a class or talk with HR before you retire. |
Anonymous
| I'm going to leave it in the TSP and choose an amount of monthly withdrawals. I'll likely change that monthly withdrawal amount as the years go by (you can change it annually). |