TSP vs. Wells Fargo

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Q. I have my personal investments with Wells Fargo. Would it be practical to move all of my Wells Fargo investments to the TSP to avoid the 1 percent fees I am charged? I know the TSP is very low cost.

A. Absolutely, if those investments are eligible for transfer into the TSP and if you won’t be needing the money any time soon.

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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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