TSP questions | TigerDroppings.com

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hugo
LSU Fan
CenLa
Member since Sep 2007
638 posts

TSP questions


I'm starting a federal job on the 9th. I currently have about $25000 in my current 401k from John Hancock. Can I roll this to the tsp or should I convert this to an Ira with John Hancock.






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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29608 posts

re: TSP questions


quote:

Can I roll this to the tsp


No idea, sorry.

quote:

should I convert this to an Ira with John Hancock.


You can roll over to a regular IRA with anyone, there's no particular reason you have to stay with Hancock unless you want to.






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hugo
LSU Fan
CenLa
Member since Sep 2007
638 posts

re: TSP questions


Is there a better option than staying with John Hancock?





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Cousin
LSU Fan
The Bayou
Member since Feb 2012
4533 posts

re: TSP questions


I work for the Feds as well..from what I understand, it would be beneficial to roll it into the TSP (if that's available) bc the fees are soo dam low..I want to say the expense ratio is 0.035%.

The only negative is the options of things to invest in are limited. You only have the C, S, I, F, and G funds to invest in. I would stay away from the govt lifestyle blended options bc they contain allocations of the super safe G fund (low risk, low return). I am young and have at least 30 more yrs until I retire so I have everything in C and S (50/50). My portfolio has been doing really well.







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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
40943 posts

re: TSP questions


I do CSIF all at 25%





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hugo
LSU Fan
CenLa
Member since Sep 2007
638 posts

re: TSP questions


I'm only 34, so 25-30 years is realistic. John Hancock said they only charge $25/year if I keep the account with them.





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29608 posts

re: TSP questions


quote:

Is there a better option than staying with John Hancock?


Depends on their costs and your needs, I have no experience with either. Just pointing out that you aren't limited.






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Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
28955 posts

re: TSP questions


quote:

'm starting a federal job on the 9th. I currently have about $25000 in my current 401k from John Hancock. Can I roll this to the tsp or should I convert this to an Ira with John Hancock.



I don't know of any "conversion" to TSP - it's just a different system.






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ScottieP
LSU Fan
Baton Rouge, LA
Member since Feb 2004
1724 posts

re: TSP questions


I have been a fed employee for 15 years and have 20 years to go before I retire. The TSP is great if you are the type of person that contributes and lets it ride. The TSP only has 5 "funds" the G,F,C,I,S and limits you to 2 or 3 transfers a month. So if you are the type of inverstor that likes to move your money around alot leave it in the Hancock account. If you want to put it somewhere and let the funds do the work TSP is nice.

Personally I like the C fund it follows the S&P point for point. If the S&P goes up 1% then so does the C. Real easy to track your earnings over time.






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Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
28955 posts

re: TSP questions


quote:

Personally I like the C fund it follows the S&P point for point. If the S&P goes up 1% then so does the C. Real easy to track your earnings over time.


Since I'm one of the Dave Ramsey guys on here, Dave recommends 60% C, 20% S and 20% I - I follow that and it has done all right by me.

The big key, though, is to make sure you get the full match. A positive feature that I don't make nearly enough use of is - there are no explicit transaction costs, - the cost/expenses, etc., of the fund come out of your yield - you can trade into or out of the funds every day if you want, at no additional expense. The trades are not in real time, so you basically get market prices on the buy, but they're all index funds (or bond funds) so intraday timing isn't a huge deal, anyway.






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rjt
Member since Aug 2013
14 posts

re: TSP questions


quote:

only charge $25/year


The $25 is just to hold your IRA. Your funds inside the IRA probably average 1.25%/year or so.






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