Federal Retirees: Is anyone else pulling their money out of Thrift?

[CanonRay]

My wife did hers last month, my sister in law just started the process. They don't trust the thieves in charge of the government to keep their hands off. Also customer service will probably go in the shitter because of people leaving. It's being rolled into an IRA at a brokerage.

[biophile]

1. Definitely considering it

And there won’t be much time to think about it.

[CanonRay]

3. It's $845 billion in assets.

Think Eloon can keep his hands off that?

[D. Spaulding]

2. Wow, that's a scary thought

I hadn't considered it, but you definitely put it front and center on my mind.

[D. Spaulding]

4. Something to think about. but their expense ratio

is pretty low compared to other roll over options, isn't it?

[CanonRay]

6. If you stick with in-house funds

like Fidelity or T. Rowe Price the expenses are minimal.

[KewlKat]

5. TSP has been on my mind also

I read an article regarding TSP and was concerned with once the dept ceiling is exceeded how TSP fund re-investments can be affected.

The majority of mine are in G fund with a bit in C.

I'd like to pull it out or move it, but unsure in to what.........

[rampartd]

7. that is just where i am

i have some c but mostly g

i don't trust wells fargo but most of these fund managers seem a little shady, and at least i don't have anything in crypto.

[Wuddles440]

8. Looking to move mine ASAP!

It really sucks to leave considering its low administrative fees, but with Muskrat in charge along with their proposals in Project 2025, it's time to bail.

[KewlKat]

9. I'm looking at Vanguard and Schwab SPAXX IRAs

need a broker as I don't want to attempt this alone. I set up a financial institution last week as I had thought about starting to withdraw funds now that I'm 71...I just don't trust dump and his band of thieves now that they've given access to those non-civil servant engineers.........sigh.

Can we do a class action suit against Uncle for data breach?

[russiamommy]

10. We're slowly taking it out.

We don’t need the cash and don’t want the tax bite. We could move it to another IRA, but overall we’re happy with the TSP. I’m not at the point that I believe they will steal it. I still have SOME trust that the rule of law will prevail and the promises will hold. If they don’t, I think retirement funds elsewhere are probably at risk as well.

We’re holding steady for the moment…