I am hoping to get opinions on whether or not to do a rollover on my (11,000) TSP balance over to my (5,000) 401K. Here’s is some insight on my situation. I am prior military and have invested, since my time in, roughly about 11,000 dollars into my TSP. I never paid attention to my TSP and left all of it in the G fund (cash reserve) during my entire time in active duty (shame I know). Now that I am out, I work a civilian job that has an employer 401k where I have approximately 5,000 dollars invested. The 401K is with the same brokerage firm where I have my other investments (minus the TSP) and the entirety of the 401K is invested in a retirement blend fund for 2065. I am leaving this job in about 3 months so my contribution to this 401K will also cease soon enough. So far these are the factors I am considering when contemplating this decision.
Move Funds: 1. Better compounding 2. Ease, all investments will be allocated to the same company 3. Chances are my next employer will provide a 401K with same brokerage company
Not Move Funds: 1. TSP allows me to move the invested amount between a wider array of funds and provides more freedom so I can diversify better. 401K is a set fund, can’t do anything with it
Here’s what I would like to ask: Should I rollover my TSP into my 401K? Are there other factors I should consider before making a decision?
Submitted April 19, 2023 at 03:48AM by WidelyAwake https://ift.tt/qxmjeBC
