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.
Recently the TSP announced that of the 4.6 million TSP participants, that there are a whopping 1,600 TSP Millionaires- up from over 500 TSP Millionaires from last year.
How is this possible? The math is not that hard- It’s just continuous compounding.
Say you start out at : Continue reading
Recently POTUS signed an executive order creating the MyRA Retirement Account.
It acts like a Roth Account, with a maximum value of $15,000, and a maximum income eligibility limit of $191,000 per household.
It makes sense to create another option for individuals saving for retirement. We don’t have enough retirement options for individuals/small business owners right now: Continue reading