Today we continue our deep dive into TSP with a look at the new mutual fund window option this is a big change and we've got some good information you'll need to know if you're considering adding mutual funds to your overall tsp investment mix Since its inception the thrift savings plan has offered participants two choices for investing their money index funds focused on five areas including government securities, common stock, fixed income investments, small cap stocks or international stocks then you have life cycle funds consisting of a diversified mix of the five core index funds and designed to generate maximum returns over a defined period of time. In the summer of 2022 TSP participants will have access to more investment choices when the federal retirement thrift investment board or the agency that oversees the TSP opens a mutual fund window. The mutual fund window is expected to make about 5 000 different mutual fund choices available to the TSP this will be the biggest structural change the TSP has ever seen but before you start researching how you're going to redirect your investment dollars you should be aware that bigger choices come with bigger costs that could carve out a huge chunk of your retirement savings over the long run. Financial experts have long considered the TSP to be an excellent example of what an employer-sponsored retirement program should be. Participants enjoy a generous match on their contributions and the investment choices are both broad-based and simple to understand. Want to learn more about how to become a savvy investor start by becoming a member of Club RINO Plus and take our secure your securities course. You'll learn how to set specific measurable achievable realistic and time-bound financial goals create custom investment strategies and build your net worth by purchasing performing assets. Click the link you see on your screen now for a preview. =================== ★RESOURCES★ =================== ★Increase Your Financial IQ★: Entrepreneurial Personal Finance - Real Estate Investing - Secure Your Securities - Start A Business - ★Social Media★: ⮕ Follow Us on IG: @rinoinvest ⮕ Follow Us on Facebook: ⮕ Follow Us on Twitter: ⮕ Follow Us on LinkedIn: ★Disclaimer★: I am not a licensed financial advisor. Cassian NuƱez does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. ★Become A RINO Today!★: Join the financial literacy ecosystem of the future by joining a community of hard-charging investors, business owners, savers, and team players. I hope that you found this video to be helpful. If you did, please like the video, subscribe, hit the notification bell, and tell your friends! If you didn't, please do all those things anyway! Until next time, thank you for watching and remember it's always a good time to Cash in with Cassian. #tsp #mutualfunds #mutualfundwindow...(read more)
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