What did you do with your TSP when you left your federal government job?
@taneishabailey29228 ай бұрын
Thanks for the great information! Much appreciated! 😊
@ampiciline Жыл бұрын
folks , if you are 55 years old or between 55 -59 1/2 transferring your TSP to IRA is A BIG mistake .WHY ???? in TSP Systeme if you are 55 ( AND leaving the government at 55 ) you may take out your money out WITHOUR 10 % penalty, BUT in IRA system you MUST be 59 .5 y/o to avoid 10 % penalty
@mabintou_ashley2 жыл бұрын
thank you so much for this great info!
@MelissaDargan2 жыл бұрын
Hope it helps!
@timg5171 Жыл бұрын
Retired recently and did a direct rollover to Schwab where I can invest it in various ETF with low fees.
@kbensit2 жыл бұрын
Great advice!
@MelissaDargan2 жыл бұрын
Thanks! Hope it helps ☺️
@danraymond1755 Жыл бұрын
Thanks for sharing.
@Eligus33 Жыл бұрын
Im 45 with 25years of federal service with DOD and want to get lump sum, but have set up both a traditional & roth Ira until I find a new broker.I want to open a SEP for reopening my side business as a full time.
@urdude672 жыл бұрын
SEPP is another option
@Chasee445 Жыл бұрын
If we leave federal service but like the TSP better than the new employer's 401k, can we transfer money that accumulates in 401k into the TSP?
@MelissaDargan Жыл бұрын
Good question! From my understanding, I think the only people who are working for the government can put money into the TSP. So you have to be a current federal government employee in order to roll money in or invest money in.
@barrymitchell77322 жыл бұрын
Good subject matter. I would rather you get to the point. My question is how do I withdraw it. With out taxes ???
@calysagora36152 ай бұрын
Dude, you literally worked getting paid by taxes extorted from lots of other people, and now you don't want to pay any of it back? How insanely sick, perverted, hypocritical and despicable.