What is your service fee at Fidelity?
If you used the equivalent fund to S at Fidelity, the expense ratio is .07%.
There is also a C equivalent with similar fees.
While that is more than double the .029% for the TSP, it also gives you flexibility.
For example, I plan to move some to a Fidelity IRA for flexibility. Once you start monthly fixed withdrawals from the TSP, you cannot do a lump sum and you change your withdrawal only once a year - effective for the next January.
Those TSP rules may be changed, but I'm guessing it will be years before the changes are effective. For details, see:
If you're young, it makes sense to do the IRA rollover to the TSP. If you're near retirement and wanting to withdraw funds, you may want to weigh the options. With an IRA, you can withdraw in any amount you wish, on any schedule, including larger lump sum.
Given that many independent and assistive living facilities have entry fees that can total over $100,000, flexibility is also important.
On $100,000, the difference in fees for Fidelity ($700) and the TSP ($290) may or may not be significant - but I'll pay $410 a year for flexibility.
On Wednesday, August 19, 2015, Nelson Garcia it2garcia@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
On Wednesday, August 19, 2015, Nelson Garcia it2garcia@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
I got 1 traditional IRA from my former civilian job at Fidelity and my TSP but I'm transferring it all to TSP because the services fee is eating up my gain from my IRA at Fidelity
Sent from my iPhone
On Aug 19, 2015, at 5:18 AM, "gerald.piatnochka@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:I was talking to an investor the other day and he stated that I can only have one traditional IRA and one ROTH IRA. I was wondering if this is true, and if so; if I have a traditional TSP, does that equate to a traditional IRA?
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-- Cindy King
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Posted by: Cindy King <cindy.kingde@gmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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