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.
