Today we continue our deep dive into TSP with a look at the new mutual fund window option this is a big change and we’ve got some good information you’ll need to know if you’re considering adding mutual funds to your overall tsp investment mix
Since its inception the thrift savings plan has offered participants two choices for investing their money index funds focused on five areas including government securities, common stock, fixed income investments, small cap stocks or international stocks then you have life cycle funds consisting of a diversified mix of the five core index funds and designed to generate maximum returns over a defined period of time.
In the summer of 2022 TSP participants will have access to more investment choices when the federal retirement thrift investment board or the agency that oversees the TSP opens a mutual fund window.
The mutual fund window is expected to make about 5 000 different mutual fund choices available to the TSP this will be the biggest structural change the TSP has ever seen but before you start researching how you’re going to redirect your investment dollars you should be aware that bigger choices come with bigger costs that could carve out a huge chunk of your retirement savings over the long run.
Financial experts have long considered the TSP to be an excellent example of what an employer-sponsored retirement program should be. Participants enjoy a generous match on their contributions and the investment choices are both broad-based and simple to understand.
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★Disclaimer★: I am not a licensed financial advisor. Cassian Nuñez does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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LEARN MORE ABOUT: Thrift Savings Plans
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Thank you for the video brother. Are state taxes required to be paid from TSP early withdrawals
The mutual fund costs seem very high co pared to some other brokerages…
If I have 40K in my TSP, divided between roth and traditional (agency matching is always traditional), how do I know if my transfer comes from my Roth portion or traditional portion?