A reason to rollover TSP to Fidelity?
I have been planning to keep my TSP balance where it is, but I recently opened a traditional IRA with Fidelity for tax reasons this past tax season.
I reached out to Fidelity to check whether they offered any cash incentives to rollover my TSP (no). But they did mention that if I moved over $500k, I would have access to a financial planner for one on one consultation.
While I do not want to have them manage my funds, I do worry about me potentially mismanaging them. I have been guilty in the past of trying to time the market (I know. Idiot).
I wonder if it is worthwhile to roll all but a small percentage over to Fidelity just to discuss my plans and goals. If I pick low or zero cost funds, I wouldn’t necessarily pay more than I do with TSP; and I may avoid pitfalls if I can talk to a financial planner here and there.
Anyone do this for this or other compelling reasons? Anyone feel it’s a mistake?
Thanks!