TSP Updates - New Thrift Savings Plan Mutual Fund Window

In June of 2022 The Thrift Savings Plan, which is the retirement plan available for all military and federal workers, is being updated with many big changes. There will be a lot of cosmetic changes, a new website design, a new mobile app, and improved online process for completing paperwork for rollovers and withdrawals. But perhaps the change with the biggest impact on your retirement is the addition to what they are calling the mutual fund window. This adds thousands of more investment options onto the TSP platform. Now you will have many more options than just the G, F, C, S, and I funds you have been used to in the past. And while it may seem that adding more investment options would be a good thing, there are a few things you’ll want to understand before making the change. First, there’s added fees if you elect to use these new investments. In addition to a $150 per year administrative fee, there is a $28 fee for each trade in the mutual fund window, and the potential for much higher fees by way of the expense ratios on each of the new investment options. Depending on your account balance and the new funds you choose, this may result in thousands of dollars in extra fees per year. So, before you jump into any new investments outside of the traditional TSP funds, make sure that any perceived benefits are worth the added price. For most, they won’t be. Because ultimately, what made the TSP such a great plan is that it offered very low cost investment options really some of the lowest fees anywhere in the industry, and made it simple to create a diversified portfolio. While the options may have seemed limited, it also kept a lot of investors out of trouble by avoiding higher risk, and higher fee options that exist for others using IRAs or other 401(k) plans. Now, TSP users will need to be extra careful that the investments they choose are truly the best option for them and they aren’t being taken advantage of....(read more)

LEARN MORE ABOUT: Thrift Savings Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

https://inflationprotection.org/tsp-updates-new-thrift-savings-plan-mutual-fund-window/?feed_id=41084&_unique_id=6378b8f634d73 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalbenefits #federalretirement #FinancialPlanning #mutualfundwindowtsp #newtsp #newtspwebsite #ThiftSavingsPlan #thriftsavingspl #thriftsavingsplan #thriftsavingsplanapp #thriftsavingsplaninvesting #thriftsavingsplanvs401k #tsp #tspmobileapp #tspmutualfundwindow #tspstrategy #tsptips #ThriftSavingsPlan #federalbenefits #federalretirement #FinancialPlanning #mutualfundwindowtsp #newtsp #newtspwebsite #ThiftSavingsPlan #thriftsavingspl #thriftsavingsplan #thriftsavingsplanapp #thriftsavingsplaninvesting #thriftsavingsplanvs401k #tsp #tspmobileapp #tspmutualfundwindow #tspstrategy #tsptips

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

Timothy Sumer

Search This Blog