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Reply to "Feds in 40s - tell me about your TSP"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]52 and it’s $70K but only been with the govt for 2 years. I just switched from lifecycle to C. Should be over $100K by end of 2024.[/quote] Roll your old accounts into TSP. it's a much better deal.[/quote] DP here. Former fed. I have my old TSP and two 401ks from different jobs. Now I’m going to start another one with a new job at 49. Do people just have retirement accounts littering the landscape, like I do, or do they roll them together? Maybe I should post a separate thread on this. [/quote] I’m the same. I have two 401ks from prior jobs. Should I fold them all into TSP?[/quote] Yes you should roll both over to the TSP. Will make future paperwork much easier. Rollover is very simple- one online form for each account.[/quote] When I looked into it it seemed very complicated [/quote] https://www.tsp.gov/tsp-basics/move-money-into-tsp/ "TSP rollover concierge service Call the ThriftLine and follow the prompts to access the rollover concierge service. A rollover specialist will assist you with each step of the process. They’ll contact the providers who administer the account you’re rolling over to the TSP, complete distribution paperwork on your behalf, and contact you for any signatures needed to finalize the rollover. Then the specialist will ensure that the money you want to roll over enters your TSP account correctly"[/quote]
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