Q. I’ve been a federal employee for nearly five years now. My previous employer had a Money Purchase Plan and Retirement Savings Plan (401k) that has now totaled nearly $100k via Vanguard. What should I do with those plans since I have not touched them in 5 years? Should I roll them over somehow into the TSP or even an IRA?
A. You should transfer those assets into your TSP account. There is no better place to save and invest for your retirement. Use Form TSP-60 and your outside plan administrator’s distribution request process to move the money.
