Rollover TSP
I am close to retirement from the government job. Should I take the Annuity for life or leave it in place or roll it over to an IRA?
Each choice has advantages and disadvantages. If you leave the money in the TSP, you can roll it over later on if you want. And if and when you roll it over to an IRA, you can control where it goes and what you invest it in. There are plenty of low cost index funds with expenses very close to those of the TSP. If you take the annuity, the choice is permanent but you don’t have to worry about bear markets.
Permalink Submitted by jacob roldan on Sun, 2018-02-25 23:47
I don’t like the annuity because that may limit how much I can withdraw. If I leave it I might invest it in the L fund. tis fund produces income. If I roll it over I feel that my broker will just make more management fees.