Congrats willcutt74. Put your money to work for you! The TSP has made some funds for those of us who don't know too much about investing and market timing. They make it simple because usually we make decisions that are clouded by our feelings, opinions, or hunches; and at least for me it's usually a bad decision.
So, the fine folks at TSP have made Lifecycle Funds. All you do is pick the date closest to your retirement. That's it. If you're in a typical job and lifestyle that would be the best choice, IMHO Please read about them here: https://www.tsp.gov/InvestmentFunds/FundOptions/index.html
Then, after you've learned a bunch here and elsewhere, and begin to think you can beat the "professionally determined investment mixes that are tailored to meet investment objectives" go for it! It's your money to lose or grow, but maybe until you get to that point just safely park it in the recommended Lifecycle fund? And if you never get around to it you've still done the right thing. I bet there are not too many mainstream financial advisers that would tell you to play the market with your retirement.
Note: I don't take my own advice; instead I play with a portion and seem to remind myself that I'm not qualified to play with a large chunk of it. Good luck, let us know what you end up doing.
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Posted by: elstaub@yahoo.com
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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