Recently FedSmith’s John Grobe posted a list of ‘TSP Allocation Services’ offering advice (at a subscription fee) for TSP participants. This includes the TSP’s own L Funds plus 3rd party allocation service providers. Among the most popular 3rd party advisers are:
I’ve been asked by some of the 3rd party TSP allocation advisers above if I would provide a link to their service- Here is my overview and rationale for not doing so below. (Continue reading…) →
TSP’s Executive Director is having a change of heart.
Recently the Federal Retirement Thrift Investment Board (FRTIB – the group who runs the TSP) announced that it will finally (and they really mean it this time) consider adding a Mutual Fund Window option to the TSP. FRTIB is commencing a study that will last through 2015 on how best to implement the Mutual Fund Window option. (Continue reading…) →
Happy Open Season, everyone!
OPM announced its Federal Employee Health Benefit (FEHB) rate hikes for 2015 FEHB Open Season.
OPM states that the average rate hike is 3.2 percent, which is not too bad. The real news is not quite this good- Since none of the ‘averages’ are participation-weighted (that is, they pay no attention to what FEHB plans Feds actually select), the averages provided by OPM, GovExec, and FedTimes are essentially useless.
I’ll give you the only statistic that matters here, the one that applies to 40 percent of Feds. (Continue reading…) →
Not taking full advantage of your TSP Benefit? Hope you like the taste of these in Retirement.
IRS recently increased the amount employees may contribute to their employer’s ‘Qualified Plan’ (That is, 401k, 403b, 457b, TSP… Just about any Defined Contribution Plan that starts with the number ’4′) to $18,000 per year in 2015 (up from $17,500 in 2014).
Hey, Feds- Does anybody care? It appears fewer than 1 in 4 of you do… (Continue reading…) →