A Georgia woman’s retirement savings has been in limbo for months after she asked the federal government to roll over her money into her private IRA.
“Your money is just, who knows where?” Channel 2 consumer investigator Justin Gray asked Robyn Smith, of Walton County.
“In the stratosphere somewhere,” Smith said.
On Oct. 19, Smith initiated a rollover of her Thrift Savings Plan, or TSP, the 401k-like plan for federal government employees into her IRA.
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But the check never made it. It also hasn’t been earning in her investment again or paying monthly disbursements either for the past three months.
“My money has been uninvested since Oct. 19,” Smith said.
The retired federal law enforcement officer relies on the monthly payouts from her retirement account to pay her bills.
“So, I’m going on month four with 50% less of my monthly take-home pay,” she said.
In July 2023, a Channel 2 Action News investigation reported on how thousands of federal employees and retirees were unable to access or having trouble making money transfers from their Thrift Savings Accounts