Military TSP

Assuming you are military, look up a Facebook group called “from military to millionaire”. My buddy David runs it and there is plenty of discussion and a much better place to ask. I never contributed to tsp but if you do, max it out and max out other things like Roth etc. He does all that and house hacks in real estate. Great group with tons of ppl, information, discussion and guidance.

Not sure why the others didn’t just answer your question. I and others I know just let it sit in the TSP account. Some got govt jobs so they were able to continue contributing.

There’s literally only 5 options to invest in TSP. And only 2 options in fixed income which are heavily weighted treasuries.

For someone who’s retired especially , there’s a lot of opportunity being left in the table by staying in that TSP. Not to mention the “G” fund which is “guaranteed” can be borrowed from by the federal government in times like right now.

I recently inherited some TSP money. I have been trying to get the money out of TSP for 5 months. As of today I am no closer to getting the money than the day I sent in the death certificate in January.

They did send me a 1099 form for the deceased so I could file a tax return. It only took 3.5 months of calling every week. Started calling on Feb 1 and I got the 1099 on May 18th.

TSP has to be the worst organization I have ever dealt with.

I retired in 2016. I left what I had in my TSP Roth right where it is.

It isn't the best.....but it ain't bad either. I am currently in 50% S, 50% C; letting it ride. I don't need it.

There are facebook groups like TSP Seasonal strategies, etc. that have compiled some great trends, but unless something catastrophic happens, mine will simply sit and grow. If something huge were brewing, I'd just slide it over to G and wait it out.

Why not? Were you designated beneficiaries? If not is that what made the difference? I need to make sure this doesnt happen to me as a beneficiary or to my heirs with my TSP. The new provider dumped many if not all beneficiary designations so I need to update mine ASAP. I'd like to learn more on why they wont let you rollover to an IRA though even if you cant keep a beneficiary account.
I just read this from TSP Tax Rules for TSP Distributions On page 13 it states that direct rollover to inherited IRA is permitted. But if they cut you an check instead it will be considered a full distribution and taxed. If you are getting cut a check and they wont do a rollover because of their 90 day auto distribution policy and youve been trying to contact them for months, I would get a good estate or tax attorney involved and wouldn't cash that check without legal advice.

Thanks for that detailed explanation and info. More reason I need to bail from TSP ASAP. Otherwise, I can see my kids getting stuck down the line.