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.
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
Well, the results are in from the GubMints household experiment with Rooftop Solar. You might recall my original Rooftop Solar Post series discussing the plusses and minuses of Rooftop Solar.
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.