Thrift Savings Plan Board Utilizes New Recordkeeping System to Reduce Budget Costs.

Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, provides an update on fiscal 2022 budget, operations and priorities for the Thrift Savings Plan board ___________ Follow our social media for the latest updates: GM on Twitter: GM on LinkedIn: GM on Facebook: Subscribe to the Government Matters podcast: For more information, visit Government Matters is a multi-platform news program dedicated to providing non-partisan information and analysis to federal managers, contractors and those supporting the federal marketplace....(read more)

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The Thrift Savings Plan (TSP) board recently announced a new recordkeeping system that will allow them to decrease their budget going forward. This is great news for the TSP and its participants, as it shows a commitment to running the plan as efficiently as possible and passing those savings on to its members. The TSP is one of the best retirement savings plans available to federal employees and military service members. It allows participants to save for retirement through tax-deferred contributions, and includes a matching contribution from the government for those in the Federal Employees Retirement System (FERS) or the Blended Retirement System (BRS). However, the TSP has historically struggled with high administrative fees, which can erode the savings of its participants over time. Because the plan is required by law to be self-funded, any costs associated with administering the plan must be paid for by the plan itself. One major source of these fees has been the recordkeeping system used by the TSP. Recordkeeping refers to the process of tracking and maintaining individual participant accounts, including contributions, withdrawals, and investment gains and losses. The TSP has historically used a single recordkeeper, which has charged high fees for its services. In recent years, the TSP has explored the possibility of switching to multiple recordkeepers, which would allow them to shop around for the best rates and negotiate lower fees. Now, the TSP has announced that it will be moving to a multiple recordkeeper system. This will allow the TSP to take advantage of competitive pricing and negotiate better rates with multiple providers. The new recordkeeping system will also provide greater flexibility and customization for participants. They will be able to choose from a variety of investment options and change their investments more easily. Overall, the new recordkeeping system is a major win for the TSP and its participants. By decreasing administrative costs, the TSP will be able to pass on greater savings to its members and ensure that the plan remains competitive and affordable for years to come. https://inflationprotection.org/thrift-savings-plan-board-utilizes-new-recordkeeping-system-to-reduce-budget-costs/?feed_id=88887&_unique_id=643e1be45f4d4 #Inflation #Retirement #GoldIRA #Wealth #Investing #abc7news #GovernmentMatters #wjla #ThriftSavingsPlan #abc7news #GovernmentMatters #wjla

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

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