The following is a summary of points I found in ‘The Hedge Fund Mirage‘ by Simon Lack. Simon spent an entire career on Wall Street as a trader or providing ‘Seed Funding’ to Hedge Fund managers. The goal of his book is to inform investors and provide some transparency to the Hedge Fund Industry.
Feds and Vets, thank yourself that the TSP prevents you from stepping in these Hedge Fund land mines below:
Feds – Don’t be alarmed. If you’re a new hire or are opting for TSP ‘L’ Fund allocation based on your age, your TSP asset allocation has not become more ‘Risky’.
Last week’s article at GovExec misses the mark, and while the follow-up article at GovExec about TSP L Fund allocation is closer to the truth it still does not paint the whole picture.
Here’s what you really need to know about ‘risk’ when it comes to investing in TSP:
I’ve written before about ways to navigate the rules for making TSP Withdrawals after Separation from Federal Service. Unlike an IRA (or most employer-sponsored 401k plans) the Thrift Savings Plan (TSP) has strict rules on when and how you may withdraw from TSP – Each one of these TSP Withdrawal events is like using up a ‘Silver Bullet’ from your retirement savings arsenal.
I’ve read many posts here lamenting how inflexible TSP is in allowing withdrawals.
Faithful Gubmints readers, know that there are technically FOUR ways to perform partial withdrawals from your TSP Account. Continue reading
I’ve mentioned the Pluses and Minuses of the Thrift Savings Plan (TSP) here many times. I’m on record stating that overall I’m a big fan of the TSP.
Recently, Congress passed regulations that automatically enroll new hires in to ‘age appropriate’ Lifecycle (or ‘L’ Funds) based on employee age. This was done because the G Fund is viewed as being less lucrative or too conservative for most folks. Before we dive head first in to L funds, let’s extoll the virtues of the TSP G Fund.
Here’s why I like the TSP’s G Fund.