For federal employees approaching retirement, there are a lot of questions and considerations to take into account. One of the more well-known and frequently asked questions involves the Thrift Savings Plan (TSP), specifically whether you should leave your retirement savings in the TSP or move them to an IRA. It’s a weighted question and one that often causes confusion with all the varying opinions and biased information out there. In an effort to simplify, let’s compare the TSP vs. IRA by solely focusing on the costs, since that’s what most folks are concerned with anyways.
Read Full ArticleIf you have separated from service or you are still an employee and over the age of 59.5 you are able to rollover a portion or all of your TSP balance to a Traditional IRA with no tax implications.
Have questions about how to make the most of your TSP? Contact us to learn more.
Schedule Your Free Strategy MeetingRecognized as one of the premier retirement planning advisors for federal employees, Neal has conducted countless retirement training workshops since 2009 helping federal employees, covered by CSRS or FERS, get the most out of their retirement.
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Ask The ExpertWe offer complimentary workshops for federal employees to gain a better understanding of the TSP and the upcoming 2019 changes. You can register for any workshop by selecting one of the dates below.
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