Q: I plan to retire next year at age 62 and my financial adviser suggests moving my Thrift Savings Plan money into American Funds or a similar funds manager because I will have very limited flexibility drawing money from TSP if I stay there. My problem is that the sales charge will take a good chunk of money to do that, and the TSP expenses are low. I have money in a 401K, which is currently invested in staggered CDs, and I thought I would move it into the TSP instead of transferring the money out of TSP. What are…
Monthly Archives: April, 2010
About a year ago, I encouraged readers to maintain some exposure to the Thrift Savings Plan’s stock funds — the C, S and I funds — in their accounts. At that time, the value of shares in these funds was at its lowest level in many years. But since then, these funds have recovered a large chunk of their lost value by rising 50 percent or more from their lows. While still priced well below their peak 2007 levels, the funds have come a long way in a relatively short time. By my measurement, the broad domestic equity markets have…
Q. I plan to retire next year at age 62 and my financial adviser suggests moving my TSP money into American Funds or a similar funds manager because I will have very limited flexibility drawing money from TSP if I stay there. My problem is the sales charge will take a good chunk of money to do that and the TSP expenses are low. I have money in a 401(k) that is currently invested in staggered CDs and I thought I would move it into the TSP instead of transferring the money out of the TSP I have in there…