Leaving your Federal Government job? Know this before you go...

[@MelissaDargan]

What did you do with your TSP when you left your federal government job?

[@taneishabailey2922]

Thanks for the great information! Much appreciated! 😊

[@ampiciline]

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_ashley]

thank you so much for this great info!

[@MelissaDargan]

Hope it helps!

[@timg5171]

Retired recently and did a direct rollover to Schwab where I can invest it in various ETF with low fees.

[@kbensit]

Great advice!

[@MelissaDargan]

Thanks! Hope it helps ☺️

[@danraymond1755]

Thanks for sharing.

[@Eligus33]

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.

[@urdude67]

SEPP is another option

[@Chasee445]

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]

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.

[@barrymitchell7732]

Good subject matter. I would rather you get to the point. My question is how do I withdraw it. With out taxes ???

[@calysagora3615]

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.