The term "fiduciary" is used a lot these days. Do you understand how the different types of fiduciaries effect your TSP? In this video we touch on basic concepts you should know about who is responsible to you for your Thrift Savings Plan. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. In this episode we will go over: - The levels of fiduciaries on your Thrift Savings Plan - Why is the term fiduciary important? - Are the people managing your TSP fiduciaries? 0:00 Intro 0:49 Who is the fiduciary for the TSP? 1:18 Fiduciary for you and your family 1:34 Factors in choosing a fiduciary 2:31 The value of a CERTIFIED FINANCIAL PLANNER™ Professional 3:30 Knowing the Thrift Savings Plan 4:08 Regulations on TSP accounts 4:53 Do you consider the people managing your TSP a fiduciary? CERTIFIED FINANCIAL PLANNER™ Reso...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)