In_N_Out_Burger

John Hechinger and John Turner recently published an article picked up by Bloomberg and Businessweek alerting TSP and TSP participants to the well-known TSP ‘IRA Rollover Scandal’

In the TSP Rollover Scandal, brokerage houses recommend any retired or separated TSP participant take their TSP balance and roll it over to their Brokerage House IRA. In most cases, this benefits the Brokerage House much more than it does the former TSP Account Holder, as the Brokerage house can collect lucrative fees by managing the participant’s retirement balance in-house. The article was well researched and rightfully took some jabs at ‘GoldBug’ IRA Brokerage Houses, but I think the author went a bit far by bashing NFCU and USAA. USAA and NFCU are Friend- Not Foe- of the Veteran’s wallet.

In defense of NFCU, USAA, Schwab, Fidelity, and Vanguard, I present the following…

5 Reasons Why Thrift Savings Plan Sucks Continue reading


Thrift Savings Plan Guidance for Federal Furlough

While congress was hemming and hawing this past week about forcing TSP Investors to defer salary in to ‘Age Appropriate’ TSP Lifecycle funds (in lieu of the G Fund) as their automatic investment, a piece of key TSP news slipped past the radar of the Beltway Bloggers…

Recently the TSP publicized a study sanctioned by its Board of Directors to investigate the feasibility of a ‘Mutual Fund Window’ option within the TSP. This would let participants buy and sell 3rd party mutual funds in a ‘Mutual Fund Supermarket’ from agencies such as Fidelity, Schwab, Vanguard, etc.

Why? Roughly one third of TSP participants- Yours truly included- Have become a ‘very vocal minority’ and are clamoring for a few more flavors of TSP ice cream beyond Vanilla.

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