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Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

Nothing is free, including making bad decisions.

On Jan 31, 2022, at 11:32 AM, winfield100 via groups.io <winfield100=yahoo.com@groups.io> wrote:

TANSTAAFL

(There ain't no such thing as a free lunch)

1% of $1,000,000 is $10,000 for example

nice chunk of change for doing _exactly_ what again?

(Bernie Madoff swindled somewhere around $50 Billion plus from many, somehow got to keep the money after folks complained for years about his fishy schemes, and got the Madoff rule for short sellers to boot

I'm reminded a skeevy person i met once, who introduced himself thusly,

"hi, my names Johnnie, i'm in national, and international, importing, and exporting"

look at a graph of the S and C funds.

are they gaining in value over your time horizon of years if not decades?

Why is everyone so hot on paying much higher management fees?

what % do you get over TSP?

<1643649942682blob.jpg>

On Monday, January 31, 2022, 10:06:47 AM EST, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Al, Creative Planning charges about 1% of the value assets they manage. A licensed fiduciary means they make investing decisions based on what is best for me (risk tolerance, goals). They are legally bound by certain rules.

I understand about 5% of financial advisors are licensed fiduciaries.

They also:

Advise on insurance levels

<24 hr response to questions

Advise on other financial matters

Monthly newsletter

Annual review and update with a dashboard report that shows your financial health (stoplight)

No penalty to drop their service

For additional fee:

They can directly manage TSP accounts

Taxes

Set up trusts, wills

And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

<1643649942682blob.jpg>

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

They require a minimum of course. Contact them if interested. Just trying to help.

On Jan 31, 2022, at 11:11 AM, Jim Budinger <jmbud2@gmail.com> wrote:

Thanks for letting us know about Creative Planning. Do they require some minimum amount of TSP funds be transferred into an account they actively manage for you? Or can they just advise you on changes to make to your existing TSP account?

I see they are ranked third on Barron's list of top 100 registered investment advisors (RIA). Impressive.

https://www.barrons.com/advisor/report/top-financial-advisors/ria

On Mon, Jan 31, 2022, 10:06 AM John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Al, Creative Planning charges about 1% of the value assets they manage. A licensed fiduciary means they make investing decisions based on what is best for me (risk tolerance, goals). They are legally bound by certain rules.

I understand about 5% of financial advisors are licensed fiduciaries.

They also:
Advise on insurance levels
<24 hr response to questions
Advise on other financial matters
Monthly newsletter
Annual review and update with a dashboard report that shows your financial health (stoplight)
No penalty to drop their service

For additional fee:
They can directly manage TSP accounts
Taxes
Set up trusts, wills
And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

[TSPStrategy] Mutual Fund Window - Upcoming TSP Changes

Here's the proposed rule to the upcoming TSP "mutual fund window" accounts:
https://www.federalregister.gov/documents/2022/01/26/2022-01312/mutual-fund-window

The comment period closes on March 28.

I know an article regarding this was shared recently. I thought I'd share the proposed rule and mention some of its main points.

Fees
- $95 annual maintenance fee
- $55 annual administrative fee
- $28.75 per trade fee
- Mutual fund expenses
- Any other potential fees (most load funds are 1-2%)
- That's alot of fees

Restrictions
- Minimum $10,000 must be transferred to open the account
- Maximum of 25% of TSP "Core Account" (current TSP plan/funds)
- Therefore, a TSP "Core" account should have at least $40,000 to start participation
- Transfers in any direction between "Mutual Fund Window" and "Core" accounts count towards the monthly limit for interfund transfers
- Withdrawals from the TSP must only be made from the "Core" account

General Process
- Must first invest in TSP "Core Account"
- Establish a "Mutual Fund Window" account
- Have a signed and filed form acknowledging potential risks
- Funds from "Core" to "Mutual Fund Window" go to a sweep mutual fund (like cash account)
- Select from funds available through "Mutual Fund Window"

I plan on submitting comments requesting clarification of (or specific) due dates for the fees, clarification on maintenance and trading fees (determination and any future fluctuations), and how the acknowledgment form should be submitted (electronic?).

At the point in my life, I don't think I'll participate in this. I also acknowledge that as the proposed rule points out, it'll need additional financial education. Also the list of fees is exhausting, but if this was available 20 years ago I likely would've checked and maybe considered some sector funds.

Anyhow, thought I'd share this.

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Re: [TSPStrategy] How low to go.

Thanks for all the graphs! It's like a lot of words at once, to see a graph.

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Re: [TSPStrategy] I missed the transfer notice

I know blu3ten, I was bummed to miss out on the implied move to go %100 G, but maybe I'm the knucklehead for inferring micfasto@ and dls1958 are taking about actual TSP Strategy position changes? IDK

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Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

John, Chris, thanks a ton for the input, that's super helpful.

Al Reble

On Jan 31, 2022, at 10:11 AM, Jim Budinger <jmbud2@gmail.com> wrote:

Thanks for letting us know about Creative Planning. Do they require some minimum amount of TSP funds be transferred into an account they actively manage for you? Or can they just advise you on changes to make to your existing TSP account?

I see they are ranked third on Barron's list of top 100 registered investment advisors (RIA). Impressive.
https://www.barrons.com/advisor/report/top-financial-advisors/ria

On Mon, Jan 31, 2022, 10:06 AM John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:
Al, Creative Planning charges about 1% of the value assets they manage. A licensed fiduciary means they make investing decisions based on what is best for me (risk tolerance, goals). They are legally bound by certain rules.

I understand about 5% of financial advisors are licensed fiduciaries.

They also:
Advise on insurance levels
<24 hr response to questions
Advise on other financial matters
Monthly newsletter
Annual review and update with a dashboard report that shows your financial health (stoplight)
No penalty to drop their service

For additional fee:
They can directly manage TSP accounts
Taxes
Set up trusts, wills
And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

Re: [TSPStrategy] I missed the transfer notice

Wait, what transfer notice did you miss? I show Sarah still in 100% S. Did this change recently?

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Groups.io Links:

You receive all messages sent to this group.

_._,_._,_

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

TANSTAAFL

(There ain't no such thing as a free lunch)

1% of $1,000,000 is $10,000 for example

nice chunk of change for doing _exactly_ what again?

I'm reminded a skeevy person i met once, who introduced himself thusly,

"hi, my names Johnnie, i'm in national, and international, importing, and exporting"

look at a graph of the S and C funds.

are they gaining in value over your time horizon of years if not decades?

Why is everyone so hot on paying much higher management fees?

what % do you get over TSP?

On Monday, January 31, 2022, 10:06:47 AM EST, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

I understand about 5% of financial advisors are licensed fiduciaries.

They also:

Advise on insurance levels

<24 hr response to questions

Advise on other financial matters

Monthly newsletter

Annual review and update with a dashboard report that shows your financial health (stoplight)

No penalty to drop their service

For additional fee:

They can directly manage TSP accounts

Taxes

Set up trusts, wills

And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

I highly recommend Gus' recommendation to always review using FINRA.

My agency once had a "financial advisor" do a virtual chat early last year. Something about him was off starting the chat. Among the first things he said (and was incorrect about) was that the S fund was modeled after the Russell 2000. I asked him questions about which custodian he worked with. He fumbled that. I did a FINRA check and found disclosures with arrests for drug use. I then checked other of his associates and found one was fired from another group for issues with a client, another one who had no licenses/tests passed.

I had to inform people at my agency about better vetting through an easy and quick FINRA check.

On 1/31/22 at 11:22 AM, GJAbbott via groups.io wrote:

From: "GJAbbott via groups.io" <GJAbbott=yahoo.com@groups.io>
Date: January 31, 2022
To: TSPStrategy@groups.io
Cc:
Subject: Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

Great topic. I'm just glad is hasn't devolved into politics.
FINRA, a private corporation that works under the supervision of the SEC to regulate brokerage firms, provides lots of valuable info related to general investing and rollovers.
https://www.finra.org/sites/default/files/2020-12/thinking-about-rolling-over-funds-from-your-thrift-savings-plan-consider-this.pdf

The tools, including the broker check tool, SEC action look-up, and fund analyzer are quite good.
https://www.finra.org/investors/tools-and-calculators
https://brokercheck.finra.org/
https://tools.finra.org/fund_analyzer/
https://www.sec.gov/litigations/sec-action-look-up

-- Gus

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

I see they are ranked third on Barron's list of top 100 registered investment advisors (RIA). Impressive.

https://www.barrons.com/advisor/report/top-financial-advisors/ria

On Mon, Jan 31, 2022, 10:06 AM John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Al, Creative Planning charges about 1% of the value assets they manage. A licensed fiduciary means they make investing decisions based on what is best for me (risk tolerance, goals). They are legally bound by certain rules.

I understand about 5% of financial advisors are licensed fiduciaries.

They also:
Advise on insurance levels
<24 hr response to questions
Advise on other financial matters
Monthly newsletter
Annual review and update with a dashboard report that shows your financial health (stoplight)
No penalty to drop their service

For additional fee:
They can directly manage TSP accounts
Taxes
Set up trusts, wills
And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

_._,_._,_

Groups.io Links:

You receive all messages sent to this group.

_._,_._,_

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

_._,_._,_

Groups.io Links:

You receive all messages sent to this group.

_._,_._,_

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

I believe one of the big issues with financial advisers that are not bound by fiduciary constraints is that they often steer investments towards products where they receive a commission or other monetary incentive. This conflict of interest often translates into higher cost and lower performance of an investors assets, and a bigger paycheck for the financial advisor. The fiduciary constraint compels the advisory to act solely in the best interest of the investor, and in this case, the advisor is typically compensated through a flat fee (on a per hour basis for example) or as a percentage of a portfolio's dollar value.

On Monday, January 31, 2022, 10:06:47 AM EST, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

I understand about 5% of financial advisors are licensed fiduciaries.

They also:

Advise on insurance levels

<24 hr response to questions

Advise on other financial matters

Monthly newsletter

Annual review and update with a dashboard report that shows your financial health (stoplight)

No penalty to drop their service

For additional fee:

They can directly manage TSP accounts

Taxes

Set up trusts, wills

And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

I understand about 5% of financial advisors are licensed fiduciaries.

They also:

Advise on insurance levels

<24 hr response to questions

Advise on other financial matters

Monthly newsletter

Annual review and update with a dashboard report that shows your financial health (stoplight)

No penalty to drop their service

For additional fee:

They can directly manage TSP accounts

Taxes

Set up trusts, wills

And more

There is no finder's fee for recommending new customers.

https://creativeplanning.com/

On Jan 31, 2022, at 7:47 AM, Albert Reble via groups.io <Alrxl600=yahoo.com@groups.io> wrote:

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

John, can you help me understand how the fiduciaries make their money? I question where they benefit if not off their clients.

Al Reble

On Jan 30, 2022, at 6:21 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

What I mean is, stay in the TSP and allocate as your advisor recommends if they'll do that. Our advisor is fiduciary and does that. No charge. That way it's considered with respect to the rest of your portfolio.

We use Creative Planning as wealth advisors.

On Jan 30, 2022, at 5:26 PM, John via groups.io <toroboy682000=yahoo.com@groups.io> wrote:

Follow your advisor's advice on your TSP if you trust him.

On Jan 30, 2022, at 5:01 PM, Paul Probst <pep30339@gmail.com> wrote:

I just turned 60, and expect to work another five years. Although still working, I am contemplating turning over a healthy portion of my TSP via In-Service Withdrawal to a private sector financial advisor for management. Wondering if anyone believes there is a disadvantage to doing this. A small portion will stay in the TSP and contributions will still be regular. This individual handles my wife's IRA, we have confidence in his judgment, and there are no trust issues.

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

Re: [TSPStrategy] How low to go.

Yep, not that hard to get yourself out.

Unsubscribe without the drama

-------- Original message --------

From: "Mimi Bruce via groups.io" <hilgard50=yahoo.com@groups.io>

Date: 1/30/22 11:53 AM (GMT-05:00)

To: TSPStrategy@groups.io

Subject: Re: [TSPStrategy] How low to go.

Scroll down unsubscribe

On Jan 30, 2022, at 9:44 AM, Adonlp via groups.io <Adonlp=yahoo.com@groups.io> wrote:

How do I opt out of this group??

It's gotten too far off topic!!

On Jan 30, 2022, at 10:40 AM, jdinvesting@kh11.net wrote:

I see we have common ground on this issue...since we have issues with finding folks to fill jobs, lets get these people jobs working above board. As you see from Scott's post supporting the fact we have deported 1.9 million back or they are detained to be processed for deportation which is costing a lot of taxpayer money, we should get them trained to drive trucks (help with the supply chain issues), restaurant workers, military (like this one, but we still deport ones who served and that is sad). Yes we are aging out and its not just the baby boomers not having enough kids, younger generations have not kept up either. Or immigration policy is not keeping up. McCain tried to push for a new policy and Trump tried to hide the issue in MX. I have not seen any attempt currently to make changes.. I think it just makes good political talking points for some and they don't want a solution.

On Sun, Jan 30, 2022 at 04:48 AM, judd wrote:

The fact is the Baby Boomers didn't breed enough, the fat-cats that fund politicians depend on the cheap labor, and the vast majority of people on this forum have never spent any time doing hard manual labor alongside illegal immigrants. I have, in various industries, as a full-time job, not just as a volunteer or part time.

GW was no better than the current administration when it came to illegal immigration.

Illegal Immigration isn't a partisan issue. What is partisan about it is the motivation each side has on why they allow it.

I would feel much better if every male crossing the border was given a Selective Service number, told if we go to war their being instantly drafted, and if they do fight honorably they get citizenship.

All that being said I would MUCH rather have our illegal immigration problem than Europe's. Columbus sailed to help the Spanish Queen avoid the ancestors of the European illegal immigrants who had just finished closing the Silk Road.

Oh, and from a long-term investment perspective, on a trip to see Machu Picchu I met my wife. My kids won't be just bilingual, they will be bi-literate. THAT is hedging a bet. And she is the best wife and mother I could have ever hoped for.

On Sun, 30 Jan 2022 10:22:27 +0300, "Scott" <rossman26@gmail.com> wrote:

You are clearly misinformed. Most of our traditional aloe and in the United States are from visa overstays however that is not true for new arrivals. I would suggest we work in the realm of facts and not any of the information that has been pedaled by the various media outlets.

https://www.cbp.gov/newsroom/stats/cbp-enforcement-statistics

Here are the official statistics from CBP. As you will see FY21 (01OCT20 through 30SEP21) there were 1,956,519 apprehensions, up from 646,822 the year before.. so more than 200% increase. As for this FY, there have been 590,899 in just the first three months. While many of those should, emphasis on should, have been expelled bac kto Mexico under Title 42 authority and in accordance with the Migrant Protection Protocols (MPP), the hard cold fact is they are not. Just watch any of the most recent videos where buses and planes are being filled by illegal aliens bound for interior cities. Here's one brief report and please note that ICE doesn't deny the allegations however it is clear that many of these individuals are single adult males who, on face value, should have been removed. https://nypost.com/2022/01/27/migrants-with-criminal-records-among-those-being-released-in-the-us-ice-agent/

How do you think they are getting to these locations and who do you believe to be paying for them? Flights cost money and many are flying commercial. Ask anyone living in South Texas about what the air travel looks like of late. They'll tell you, planes are mostly illegal aliens. Let's set aside the travel side of things. Border Patrol has multiple soft sided holding and processing facilities.. Those cost the U.S. taxpayer more than $800,000 per month to operate.

Once those illegal aliens are in their new home, do they just live on the streets? No. They are provided shelter, food, access to school systems for their children, free meals at those schools. When they get sick they go to the local ER for treatment, using our emergency care system as their primary physician. Here's a report from 1997 which then measured the bill for illegal aliens using social services at $1.1 Billion. https://www.govinfo.gov/content/pkg/GAOREPORTS-HEHS-98-30/html/GAOREPORTS-HEHS-98-30.htm Here's another from 2016 which estimated 63% used welfare systems. https://cis.org/Report/63-NonCitizen-Households-Access-Welfare-Programs

As someone who has worked in this space for near three decades, I can attest to the veracity of those reports and would add I believe them to be low estimates. Of course the common retort is that illegal aliens are not allowed to use those systems by law... well of course, they are also precluded from entering and residing here illegally, but that didn't stop them either. When you have social activists working within the system and enabling their access, it's a very difficult problem to resolve.

I would encourage you to read up on the situation and not just believe what the MSM is feeding the general public. The problem is FAR worse than what is being reported and it's only getting worse.

On Sun, Jan 30, 2022 at 12:11 AM <jdinvesting@kh11.net> wrote:

1.9 million crossing into the US?? and ???...most of our illegals are overstays. No one is walking across the border and hitching free rides. Initially folks try to rush the border, but that is not happening. We have arrested and./or deported at a record pace. The Border folks are doing their job and that does take tax dollars. Show me the current numbers from a credible source that they are just eating off our social services.

On Fri, Jan 28, 2022 at 09:36 PM, Scott wrote:

I would argue that while not all things are to be laid at the feet of the current President there are several which have directly contributed to our current state of the economy. Under the last administration we achieved fuel independence and our gas prices reflected that. We all know the decisions that were made on day one and we are now living the consequences and paying for those decisions.

Under the last administration our borders were the most secure they had been in decades. The current President made it clear his stance on illegal aliens and as such, as soon as he won the election the numbers started growing exponentially… to the point where we have now had more than 1.9 million illegals Ross our border. If you don't think that has a direct impact on our economy and society then I'm not really sure what to say. Bus tickets, flights, subsidized housing, eduction, meals at school, subsidized food, healthcare, etc…

Another already addressed the point of GDP so no need to beat that dead horse. It's amazing to me that no matter who is in office, it's ALWAYS the last party's fault with no acknowledgement that their own terrible decisions may have real consequences.

Much of this situation is most certainly not the fault of 45. He's not faultless by any means but he left the country in a pretty damn good place. Had this administration chose not to go scorched earth on anything with his name, maybe they could have mitigated some of the situation were in now.

On Sat, Jan 29, 2022 at 7:44 AM <jdinvesting@kh11.net> wrote:

Versus the recession we came out off in 2020....GDP is the best since 1984. Hiring out paced the last administration. But you think after year in office the WH has created this mess?? I think you should look at other news sources and read books on economics instead of parroting talking points.

--
Adonlp

Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

Wife and I are planning on having accounts with two custodians - one with an advisor she's had managing a transferred IRA (also around 1%). The other one with a current brokerage and it'll be mostly self-managed (like lindalyc was saying).

On 1/30/22 at 8:27 PM, John via groups.io wrote:

From: "John via groups.io" <toroboy682000=yahoo.com@groups.io>
Date: January 30, 2022
To: TSPStrategy@groups.io
Cc:
Subject: Re: [TSPStrategy] Staying/Leaving TSP Upon Retirement

Our advisor charges 1%, easily recoverable as they perform tax harvesting trades and have a steady hand. They advise with respect to your entire financial picture (debt, insurance, allocations, etc) to ensure you meet your goal. Creative Planning. So far so good.

On Jan 30, 2022, at 6:28 PM, winfield100 via groups.io <winfield100=yahoo.com@groups.io> wrote:

carrying costs of the financial advisor?

how much "churn"

On Sunday, January 30, 2022, 06:01:32 PM EST, Paul Probst <pep30339@gmail.com> wrote:

On Sat, Jan 29, 2022 at 5:37 PM <eljosco@mail.com> wrote:

I plan on taking out the Roth portion immediately out of the TSP upon retirement (if it's in during RMD years they'll take the Roth portion into account for RMDs). The traditional portion will be transferred out within a short timeframe after.

You pointed out several things, but my main reason for moving it out is legacy planning.

On 1/27/22 at 3:12 PM, ShaneBro via groups.io wrote:

From: "ShaneBro via groups.io" <s.guy75=yahoo.com@groups.io>
Date: January 27, 2022
To: "tspstrategy@groups.io" <tspstrategy@groups.io>
Cc:
Subject: Re: [TSPStrategy] How low to go.

Stop the pain! Does anybody have a good rebuttal for keeping a TSP account once a person is taking RMDs? My broker charges nothing to keep IRA funds, I can trade aggressively or defensibly or set up future sell orders at no cost, and I can put 2 years worth of RMDs (small percentage right now of my stash) in 2 or 3 CDs. TSP touts low carrying cost but it is a fraction lower than indexed ETFs. AND in the end your big money comes when the S&P or DWCPF go up, not pennies of extra carrying costs. TSP ties your hands in number of trades and will not allow protection of RMDs in G.

Thoughts? What is there to gain staying in TSP?

Thanks

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