TSP vs. Fidelity


Q. I am retired FERS and just turned 70 and need to begin taking TSP withdrawals. I am looking to roll the entire amount into Fidelity and was wondering if anyone has done so and how their experiences have been. They do seem to have more options and perhaps can help earn more than TSP, but I’d appreciate any comments.

A. Fidelity’s expenses will be higher than the TSP, so the expected rate of return on your assets will be lower. Leaving the TSP for higher returns is a sucker’s bet, plain and simple.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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