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.
Last week a Senator proposed ‘TSP For Everyone’ legislation.
Here we go again. Every few years someone in Congress gets the bright idea that every man, woman, and child should have the same FEHB/TSP/Three Letter Acronym that Congress and Federal Employees have.
Let’s review why this is a Bad Idea. Continue reading
The TSP recently released the results of its 3rd-party audit for Calendar Year 2013. While most of the findings are a snoozer, what continues to amaze me is that almost a majority of assets in the TSP are invested in the G Fund.
Last week the TSP (and its participants) paid for yet another 3rd party study, which yet again recommended adding more fund choices, which yet again the TSP will likely ignore. Continue reading