The Senate doesn’t like either campaign, each of which ran in the Washington area. TIAA-CREF has since pulled its ads, but Fidelity, claiming all of its communications go through legal review, is still running them.

The problem, according to Sen. Herb Kohl (D-Wis.), chairman of the Senate Special Committee on Aging, is that the ads mislead people who are retiring into thinking that it is imperative for them to roll their TSP money into an IRA. The reality, Kohl says, is that the TSP charges a mere 15 cents for every $1,000 in the plans, and that might be a better choice for investors.

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