FDX and TSP
Anybody transfer their TSP acount to Fedex 401K after retiring from the Reserves? Know how to do it?
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Not sure why you would want to transfer anything into our program, our investing choices suck!! Look for other options!
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Better than TSP. Looking for simplicity.
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Originally Posted by viperdriver
(Post 1122009)
Better than TSP. Looking for simplicity.
IF FedEx filed BK, would your 401K be safe? TSP (Uncle Sam) would just print more $$$$ :) |
Originally Posted by viperdriver
(Post 1121977)
Anybody transfer their TSP acount to Fedex 401K after retiring from the Reserves? Know how to do it?
I'm not a CPA, but even I realized it's easy to goon this one up, if you don't do it EXACTLY the right way.:eek: Any of you money gurus chime in if needed--but if memory serves, the goal is to never have funds in your personal control/bank account--that creates a "taxable event." Rotsa ruck.:) |
Originally Posted by viperdriver
(Post 1122009)
Better than TSP. Looking for simplicity.
IF FedEx filed BK, would your 401K be safe? TSP (Uncle Sam) would just print more $$$$ :) |
Retirement funds (401k, 403b, IRA, pension rollovers) are considered qualified funds under ERISA guidelines. That means you can rollover a 401k or 403b to an IRA, 401k, 403b,etc. and not induce a tax consequence. However, if you accept a check into a personal account, checking, savings, etc., it is a taxable event. I am a Financial Advisor, and a pilots wife. Pm me if you have questions.
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I have both still, and contribute to both. Can't beat TSP for expenses, extremely low...
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Just got this question answered myself.
Thank you for your recent e-mail regarding your Federal Express Corporation Pilots' Retirement Savings Plan. Rollover information >> The procedure for completing a rollover is as follows: 1. Obtain the rollover check from your previous qualified plan recordkeeper. The check must be made payable to VFTC FBO (Insert Name of Registered Participant). In the memo section of the check, please write the last four digits of your Social Security number and your plan number (093015). 2. Complete the attached Rollover Contribution form. 3. Return the check and paperwork to one of the Vanguard addresses below. Once we receive the rollover request in good order, we will post the rollover amount to your account within three business days. (Standard mail) Vanguard P.O. Box 1101 Valley Forge, PA 19482-1101 (Overnight mail) Vanguard 400 Devon Park Drive Wayne, PA 19087 Transaction history >> Once your rollover has posted to your account, you will be able to view it in your transaction history. You may also view a list of transactions up to the past 7 years on your account, as well as download history for the past 18 months through our website. To do so, please follow the instructions below: 1. Go to Vanguard's website at vanguard.com and select "Go to the Personal Investors site." 2. Log on to your account and access your plan. 3. Select "Transaction History" from the drop down menu under "Plan Summary." 4. If you wish to view your transaction history by source, select "Source" or "Both" from the "View by" drop-down box. Questions >> Please call Vanguard at 800-523-1188 and enter your four-digit VOICE(R) personal identification number (PIN). Participant Services associates are available on business days from 8:30 a.m. to 9 p.m., Eastern time. We will be pleased to assist you. We hope that you found our online services to be both informative and convenient. Michael Dibattista Correspondence Associate Vanguard |
Not to hijack the thread, but some states tax tsp contributions. Like New Jersey for example.
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