Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

They require a minimum of course. Contact them if interested. Just trying to help.

On Jan 31, 2022, at 11:11 AM, Jim Budinger <jmbud2@gmail.com> wrote:



Thanks for letting us know about Creative Planning. Do they require some minimum amount of TSP funds be transferred into an account they actively manage for you? Or can they just advise you on changes to make to your existing TSP account? 

I see they are ranked third on Barron's list of top 100 registered investment advisors (RIA). Impressive.

https://www.barrons.com/advisor/report/top-financial-advisors/ria

On Mon, Jan 31, 2022, 10:06 AM John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Al, Creative Planning charges about 1% of the value assets they manage. A licensed fiduciary means they make investing decisions based on what is best for me (risk tolerance, goals). They are legally bound by certain rules.  

I understand about 5% of financial advisors are licensed fiduciaries. 

They also:

Advise on insurance levels 

<24 hr response to questions 

Advise on other financial matters 

Monthly newsletter 

Annual review and update with a dashboard report that shows your financial health (stoplight)

No penalty to drop their service 

For additional fee:

They can directly manage TSP accounts 

Taxes 

Set up trusts, wills

And more

There is no finder's fee for recommending new customers. 

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble 

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:



What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.  

We use Creative Planning as wealth advisors. 

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:



Follow your advisor's advice on your TSP if you trust him. 

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:



I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning. 

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain!  Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs?  My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs.  TSP touts low carrying cost but it is a fraction lower than indexed ETFs.  AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs.  TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts?  What is there to gain staying in TSP?

Thanks

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