Anybody transfer their TSP acount to Fedex 401K after retiring from the Reserves? Know how to do it?

 

Not sure why you would want to transfer anything into our program, our investing choices suck!! Look for other options!

 

Better than TSP. Looking for simplicity.

 

Can't get much easier than TSP. You can roll your own, or put it all in an "L" fund that matches your retirement plans and let them allocate/manage it.

IF FedEx filed BK, would your 401K be safe? TSP (Uncle Sam) would just print more $$$$

 

It's been several years, but if I remember correctly, I called the Vanguard folks and they walked me through the right form to fill out with them. They then requested the "rollover" TSP funds from their end.

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. 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.

 

I don't think bankruptcy allows any employer to take 401k assets. That's the point.

 

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.

 

I have both still, and contribute to both. Can't beat TSP for expenses, extremely low...

 

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.