How does TSP to gold IRA rollover work?

[M4rtha]

Hey folks, I’m looking into rolling over my TSP to a Gold IRA but feeling a little lost on where to start. I’ve heard it can be a good move to protect retirement savings, but the process seems complicated. Any insights or experiences to share?

 

[FrogFrenzy]

Welcome to the shiny side! The process isn’t as scary as it sounds. You’ll need to open a self-directed IRA first. Not all custodians handle precious metals, so make sure you find one that does. Then you roll over your funds from the TSP. A little paperwork, but totally worth it!

 

[Nimbus99]

Eh, I’d pump the brakes. Gold IRAs can be a hedge, but remember they don’t generate dividends or growth like other investments. You’re basically banking on gold’s price going up. Just saying, diversify instead of going all in.

 

[Hawk4U]

Totally agree with Nimbus99. Gold’s great for stability, but you want balance in your portfolio. That said, M4rtha, if you’re set on this, talk to your TSP administrator first to make sure the funds can be rolled over without penalties. It’s not always straightforward.