Thrift Savings Plan

[Tony-Marilyn Banks]

I will be retiring from the postal service in a couple of months.
I am in the FERS system and have my money in the TSP.
I was wondering if anybody else is in the TSP and did you keep it and in what funds did you allocate the money? I have mine in the L income fund.

[JC and John]

I will be retiring from the postal service in a couple of months.
I am in the FERS system and have my money in the TSP.
I was wondering if anybody else is in the TSP and did you keep it and in what funds did you allocate the money? I have mine in the L income fund.

Hello, I am a CSRS retiree. Left my funds in the L2020 since I don't plan to use them for at least 5 years.

[JeffAVEWS]

I'm retired FERS, I put mine in L2015, (which is now all G) then moved it to L2020. It's made up of all the other funds, but mostly G, so what is the difference then if you put some in G, C, I.... you can select a L fund that suits you. My advice is to leave it in TSP until you have to start drawing at 70. The admin cost of the TSP funds are the lowest you will ever find, hands down. Some info> http://www.bogleheads.org/wiki/Thrift_Savings_Plan

[tag460]

I"m retired FERS at age 52 and rolled over all my TSP money to a Financial Company. I wanted someone else to manage my money, my TSP did great but I wanted a nationwide company for personal service and I don't have to worry about our finances. I am making monthly withdraw under IRS rule T-72 based on life expectancy. My monthly check from FERS retirement and OPM Supplement was not enough income after benefits and taxes. This withdraw is taxed but not penalized and has to stay the same until I am 59 1/2 then I can adjust if I need to.

[aussiemom]

Retired early from FERS and withdrew all 401K funds and placed in other IRAs with a financial firm. This allowed all funds to be withdrawn without any taxes and penalty. Once you hit 59 1/2 you can withdraw without any penalty and just pay the tax on the withdrawal amount. Will start collecting Social Security in 9 months so don't plan on touching the IRA funds just yet.
I wanted more say in control of my funds than the government.