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bkcr4evr
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 12 Sep 2017
Location: Indianapolis
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| Thrift savings plan (TSP) |
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As I approach my retirement, I am receiving a lot of advice on what to do with the TSP money that I have accumulated over 20 years.
As I understand it:
TSP says that only 1 partial withdrawal, then the next one has to be a full withdrawal, with an annuity offered at retirement.
one financial adviser recommends pulling the full amount and putting it into a fixed index annuity.
Another financial adviser recommends they manage the whole amount, with a combination of investment funds, and annuities.
Another financial adviser recommends a series of investment funds, managed by them.
The only thing that they agree on is that TSP is not the best manager for retirement
So of course, I choose another avenue for advice, you. Care to weigh in on this?
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Tue Sep 12, 2017 4:36 pm |
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tl5tl5
New Poster
Cash: $ 0.40
Posts: 2
Joined: 30 Mar 2017
Location: Fresno
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Hi there,
Welcome to the forum! I just messaged you some questions that my son gets from this clients on planning for retirement that relate to your TPS account and concerns about all the difference advise you are getting.. I hope that helped. Let me know if you have questions.
Tom
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Fri Sep 15, 2017 4:52 pm |
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boatswain2PA
Member
Cash: $ 2.60
Posts: 12
Joined: 23 Oct 2017
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Annuities are okay for someone who wants an auto-pilot, low risk portfolio. But I think most people can do much better with just a little bit of education.
I don't think you can go wrong with putting it to a roll-over IRA and putting it in low-cost index funds at a place like Vanguard or Fidelity (or Dodge & Cox, or wherever). Pick an established, well respected firm and roll it to there. Then, from within that firm, pick some low cost index funds that have good 10 year track records.
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Mon Oct 23, 2017 3:11 pm |
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