I’m no longer in the military and have no intention of going to work for the federal government. I currently have my TSP in a lifecycle fund. It’s not really growing at this point, at least not at the percentage my retail investing account is, and I’d like to get it into something that has more growth.
I spoke with Fidelity about transferring it there, I’ve also considered moving it over to Titan, where I have some other investment accounts.
I’m feeling uneasy about the advice I’ve gotten from various companies (Ed Jones, TD Ameritrade, Fidelity, etc) because it feels distinctly like the advice given is based on simply getting that capital into their coffers more than what is best for the investor, though that’s how they frame it, of course.
I’m 41. The TSP consists of about 40% in a Roth IRA and 60% Traditional IRA. Medically retired from the military. Have $xx,xxx in my TSP currently. Would like to build this up over the next 25 years so that by the time I’m 65, it can help supplement my retirement or at the worst, if I’m no longer around, be of some value to help my kids pay off college debt. Willing to accept moderate risk in the portfolio in order to expedite growth.
Looking for:
1.) Any good links or recommended sites for how to manage a TSP account.
2.) Anyone with personal experience with TSP that has been through this decision tree of whether to keep it in TSP or transfer to another account.
3.) Lastly, I’m wondering how crazy of an idea it is to take the tax hit/early withdrawal on it now and then just manage it myself on a retail account.
TIA
Submitted November 28, 2021 at 10:38AM by Dbsusn https://ift.tt/3pq7XjZ
