6:41 pm, April 17, 2014

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  • Mike needs some new sources!
    contrarian
    He's been using that old Bogle quote for a decade! All those people claiming to move money into the TSP should have to provide him statements because I don't believe it. We have so few choices who would move anything into the TSP? Call me Skeptical.
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  • Mike does not need new sources
    Moderate
    You can be skeptical all you want. That is your right. However, Mr. Causey does not need to provide you with anything.------You disagree with the way the TSP is run. I respect your position because you are willing to pay for the administrative costs to trade the way you want to trade. However, I believe that most people are satisfied with the way the TSP is run. I cannot prove this assertion. However, what is the percentage of government workers making voluntary contributions to the TSP? I believe it is fairly high.-----You can do your investing on the outside and/or through your IRA.
    worker
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  • Money In?
    Linda
    If most of the people he is talking about are high end doctors and lawyers, they are not coming in young, and have already made their money. So they are moving in the retirement they want to be safe with limited fees. The high risk stuff, they probably keep in the market or other retirement accounts. I can imagine the TSP is not cheaper than a self run SEP, the less people the higher percentage fees. You can also, please double check me, do a one time pull out of TSP and roll over to an IRA after age 50 (55?) if you want to keep the tax free and have more investment options. No tax on a trustee to trustee roll over!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • One time pull?
    Moderate
    I have never heard of a one time pull of your TSP funds unless you are separated from the government. You can borrow money from your TSP, but I do not know the details as I never did it. Of course, you pay interest back to your TSP.
    worker
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  • Yes, you can take a one-time withdrawal
    FERS Fed
    Participants aged 59½ or older and still employed by USG can take a one-time withdrawal from their TSP accounts. See Form TSP-75. Probably best to roll it into another tax-deferred account like an IRA so you don't take the tax-bite all at once, but can still have relatively quick access to the $$$ if needed.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Shame I can't make that withdrawal now!
    contrarian
    While some stocks are still low. About the only option would be to borrow whatever the max is, I think it's $50K, but then loan payments would have to be made. A straight transfer is a lot better.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • You are right
    Moderate
    I checked the form and found you to be quite correct. Even though I am eligible and do not plan to use it, I thank you for the correction.
    worker
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  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }