martyb
Thinks s/he gets paid by the post
Can you do that? I didn't think you could add any more funds to TSP after retirement. My only IRA's are ROTH, so I don't guess that's an option for me even if it's possible do add $$ at retirement.
It's even better than that. 0.015% for all the funds! You just can't beat the TSP for low expenses, can ya?...at a 0.03% expense ratio..
Can you do that? I didn't think you could add any more funds to TSP after retirement. My only IRA's are ROTH, so I don't guess that's an option for me even if it's possible do add $$ at retirement.
I put this into the "too good to believe" category, right next to restarting Social Security.Nords, Gardnr--Thanks a lot for the tip.
This should be another "must do" for anyone leaving the military--put a small contribution into TSP to get your foot in the door and keep this tremendous option open for the future.
Nords, Gardnr--Thanks a lot for the tip.
To be absolutely clear and concise, they aren't "contributions", they're just transfer of already contributed money to a qualified plan. Contributions being basically defined as new money from your earned income. It appears you understand that but I thought I'd ensure clarification to avoid confusion for others.I was sure I'd read that contributions to TSP were only allowed while you were employed (or on AD), but I see that is not the case. This is great news--I can dump $$ from my present solo401K into my existing TSP once I stop working.
Yep, I think that a lot of people don't appreciate the TSP in terms of the extremely low costs. They often just complain about the lack of choice in the plan without appreciating the high value of low costs. In my opinion too many choices does not serve people well anyway. A well balanced portfolio made up of the existing funds covers the full range of the market without any fancy bells and whistles. Just too boring for some folks. But we know how most people lose money by chasing things around, don't we?This should be another "must do" for anyone leaving the military--put a small contribution into TSP to get your foot in the door and keep this tremendous option open for the future.