Rollover to IRA


Q. I’m 68, about to retire from the U.S. Postal Service and have $260,000 in the TSP. Trying to choose between a rollover to Edward Jones or keeping in the TSP. I know the fees are high at EJ, but the personal contact is reassuring, and my track record isn’t very good managing my account in the TSP. Advice?

A. I hope you don’t actually believe what you hear in those TV commercials!

Unless the alternative has all five of the following characteristics, you should stay with the TSP:

1. Fiduciary
2. No Conflict of Interest
3. Competent
4. Concerned
5. Cost-Effective

You’re always better off keeping a fox out of your hen house.


About Author

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 and view his blog at

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