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401k and TSP

February 14th, 2013 at 05:10 am

After High School, I joined the US Army, where I joined into the Thrift Savings Plan, or TSP, which is, for the sake of simplicity, like a 401k plan.

After 10 years of service, I left active duty to pursue my dream of completing my education, which I am happy to report I did (with ZERO student debt to boot!).

I rejoined the workforce after graduation in 2010, and my current company offers a 401k plan, which I am a participating in.

Since I am getting back into getting my financial house in order, the fact that I still had money in the TSP came back to me in the middle of the night. I found the last documents I have from the TSP, which are dated from 2007. I can't log into the TSP website right now though (they changed the account numbers and I have to wait for them to mail me my new logon information) but since my last TSP information I have on file includes the share amounts I have in each fund, I was able to determine, based on closing prices, the market value of my TSP account.

Now, I have to call Fidelity, (the company that is managing my current 401k) to see what I need to do to complete a roll over. While the TSP is a good program and I like the fund options - I can not put any more money into the fund since I am not active duty and I would prefer the balance amount to be in a fund that I can actively manage and add principle to throughout time.

I told my husband that I found some extra retirement savings. He asked me how I could have forgotten that I had the account. The answer to that is simple - when one is not paying attention, the mind tends to forget what it has! Smile