That is awesome. I had the opposite happen recently with a large transfer. Sold at a low and the market increased a few percent before I was able to buy. :(

That’s awesome Thomas. My hope is with today’s technology ALL financial institutions can follow a process without paperwork or the postal service :)

Funny-ish story. Friend of mine actually was in a transfer in March 2020. Totally missed the crash and bought back in at the bottom on the upswing.

TSP conversion to IRA is relatively easy. I admit it was my own instead of inherited, but just filled paper out, sent it back and 4 days later TSP was at $0. Got to TD Ameritrade about 3 days later. Probably biggest part is setting up new account before transfer.

Actually, unlike his flow chart, I have moved 4 accounts and never actually touched a check, all sent straight to other brokerage.

Hey Susan! There should be no limit to rollover, it’s counted outside of your regular annual contribution. The best place to rollover a Roth 401k is to your existing Roth IRA, not a regular IRA. This should be pretty simple, and the same trustee to trustee transfer process as in this post :)

Love your always informative newsletters btw.

Wow – that’s a killer pension!

There will only be a tax hit if you withdraw funds or don’t roll it over properly to another pre-tax IRA :)

Great advice! I should have added that I’ll be receiving ~ $100k in yearly pension payments in retirement so my tax bracket will be close to what it is now (if tax rates stay the same of course). I really wish the government would just exempt all money saved for retirement from taxes – that would be the ultimate incentive ; -)