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Tuesday, August 19, 2014

Should You Rollover Your TSP?

Federal employees question whether they should rollover their Thrift Savings Plan (TSP) to an IRA at retirement.  Ask a financial advisor, and most will answer in the affirmative.  They want to get their hands on the money to manage.

The TSP is widely regarded as one of the best, if not the best, 401(k)-type vehicle in the retirement system arena.  It has a small number of very low-cost Funds that track the basic parts of the market and offer, as well, several target date funds that allocate assets for the participant.

The big question in my mind is why pension plans across the country don't model themselves after the TSP.

Anyway, here is a must-read article for any TSP participant dealing with the rollover question:

As brokers urge IRA rollovers, ex-workers ditch their low-fee federal retirement plan 

from this past Sunday's Business Section of The Washington Post.

Readers will find the comments to the piece interesting as well.

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