Q. I am a retired CSRS employee, age 62. I am considering converting my Thrift Savings Plan balance of about $205,000 to an IRA with Fidelity. What are the advantages and disadvantages of making this conversion? What considerations should I look at?
A. The disadvantages include higher costs, greater complexity and the loss of access to the G Fund. The advantage might be more flexible withdrawal options. I recommend against this move unless, for some reason, you have no choice.