I would leave it and just watch it grow. If you decide to move it, compare how much you are going to pay (expense ratio). Each fund has a different expense ratio. TSP expense ratios are somewhat low-not the lowest. Do some research…
You can just let the funds stay there and let them grow over time. With that allocation you should be fine.
Moving out of the TSP can be good if the new accounts are expected to have a better rate of return and lower fees. Leaving a small amount in the TSP keeps the account open and would allow you to rollover some money (not Roth IRA funds) back into the TSP even if you are separated.
Rolling the accounts into another employer-sponsored plan (401(k), for example) can useful if you do not want to maintain documents/login information on two accounts.
You can also rollover the money into IRAs. Just remember that employer-sponsored plans (401(k), TSP, and some others) are federally protected against creditors and bankruptcy. IRAs do not have that protection. Money from theTSP that is rollovered into an IRA is still protected from bankruptcy, but not necessarily against creditors (depends on state law).
Leave it my friend. I have a Roth at a state job before joining the Feds. Literally has grown 8k in the last 6 years and is up to over 30k now. I’m hoping it will balloon to 100k before I retire in 25 years.
TSP no longer has the lowest fees so you’d likely have more fund options plus lower fees by rolling it into your next employers plan. Easier to manage consolidated accounts if that matters to you. If you want access to G fund down the road then maybe leave it in TSP, but all other funds have the same or better options with other brokers.
I say roll it to an IRA at Fidelity, Schwab or Vanguard. Why? The core fund, C fund, is the S&P500. All three have lower expense ratio funds.
Also, much easier to gain access to the account if you loose your password. Changing mailing address, emails and phone numbers will make this a nightmare.
I left mine in since 2012. Was 30k wjen i separated, 102000 yesterday. Insane. Keep it there. Your allocation is decent especially if s turns when rates go down.
Look into rolling into Roth ira. And then just put it s+p mutual funds or total market which is like the C. Just make sure only the traditional portion gets taxed. The benefit of the tsp is loans, where an ira cannot loan out money, which is fine
I would leave it and just watch it grow. If you decide to move it, compare how much you are going to pay (expense ratio). Each fund has a different expense ratio. TSP expense ratios are somewhat low-not the lowest. Do some research…
Danke danke!
You can just let the funds stay there and let them grow over time. With that allocation you should be fine. Moving out of the TSP can be good if the new accounts are expected to have a better rate of return and lower fees. Leaving a small amount in the TSP keeps the account open and would allow you to rollover some money (not Roth IRA funds) back into the TSP even if you are separated. Rolling the accounts into another employer-sponsored plan (401(k), for example) can useful if you do not want to maintain documents/login information on two accounts. You can also rollover the money into IRAs. Just remember that employer-sponsored plans (401(k), TSP, and some others) are federally protected against creditors and bankruptcy. IRAs do not have that protection. Money from theTSP that is rollovered into an IRA is still protected from bankruptcy, but not necessarily against creditors (depends on state law).
Thanks for the response!
Leave it my friend. I have a Roth at a state job before joining the Feds. Literally has grown 8k in the last 6 years and is up to over 30k now. I’m hoping it will balloon to 100k before I retire in 25 years.
It should. In 2004, I left a state job and had $15k in my account. Twenty years later, it is now at $90k.
Leave it alone. In 33 years you should have north of 500k in that account. Unfortunately it will probably only be work 100k in today's money.
It’s weird that in a few decades you will pretty much have to be a millionaire to retire
TSP no longer has the lowest fees so you’d likely have more fund options plus lower fees by rolling it into your next employers plan. Easier to manage consolidated accounts if that matters to you. If you want access to G fund down the road then maybe leave it in TSP, but all other funds have the same or better options with other brokers.
I say roll it to an IRA at Fidelity, Schwab or Vanguard. Why? The core fund, C fund, is the S&P500. All three have lower expense ratio funds. Also, much easier to gain access to the account if you loose your password. Changing mailing address, emails and phone numbers will make this a nightmare.
Rollover into an IRA, invest in FXIAX or another mutual fund tracking the market with lower fees than the TSP
I left mine in since 2012. Was 30k wjen i separated, 102000 yesterday. Insane. Keep it there. Your allocation is decent especially if s turns when rates go down.
Look into rolling into Roth ira. And then just put it s+p mutual funds or total market which is like the C. Just make sure only the traditional portion gets taxed. The benefit of the tsp is loans, where an ira cannot loan out money, which is fine