I'm not a fan of advisors, but if you want one, seek out someone who charges you an hourly rate to set up a plan. Once you have that, I would not pay an advisor an annual fee. It is not unusual for advisors to charge 1 to 1.5 percent of your assets under management. That might not sound like much, but to pay that every year will reduce your portfolio 20-30 percent over 20 years. It is a rare advisor who gives you a positive return above fees, unless they are also correcting bad habits like talking their clients out of panic selling during every downturn.
Your TSP is a very effective and simple vehicle to grow wealth. Just put it on autopilot and contribute regularly. Buy and hold. It may be dull, but dull wins.
On Thu, Jul 27, 2023, 5:57 AM Diane Flynn <moonweez@gmail.com> wrote:
Any financial advisor recommendations?On Thu, Jul 27, 2023, 1:33 AM JOHN WATTS <johnnasa2035@outlook.com> wrote:My recommendation is to engage a financial planner now. Retirement planning should be started as soon as you can. Hiring an advisor now will help you diversify savings strategies into areas that may be a current blind spot. And, it will be less painful now then waiting until retirement is knocking.
This includes- setting up Roth IRAs now with after tax income.- buying individual stocks- insurance- buying rental property
Our economic future looks nothing like the past 20 years. Under Biden with the help of Republicans we carry more debt then can be repaid. And there is NO SPENDING CAP. This stupidity signals to the world that we don't value our currency so why should they.
Japan should be a lesson to the US but we are woefully ignorant (or arrogant). Read about Japan's lost decade.
I suspect that the US is entering into a lost decade of economic growth.
For a deeper understanding of the economy look up the work of Dave Brat. He's a former congressman and now Dean of the Liberty University Business School.
If you watch the above links you will discover that none of this information is covered in the media bc the business media is superficial.
You must dig around for the real financial news. Watching Cramer (and the rest) is nothing more than idle entertainment.
Do your homework. Look beyond the headlines. Consider the promised financial changes coming from the government.
Notice that we are quickly losing cashiers and cash registers (Lowe's Home Depot, Walmart). They are not disappearing for our convenience. We are moving to a digital currency controlled by the USG.
Change is being thrust upon us. To counter this we must get involved in local elections.
On Jul 25, 2023, at 5:01 PM, Paul Jones - AOL2 via groups.io <jonesh2o=aol.com@groups.io> wrote:
Their is a TSP Facebook I belong to. They offer good advice and help. The link is https://www.facebook.com/groups/thriftsavingsplan
On 7/25/2023 3:48 PM, JOHN WATTS wrote:
I had and have similar issues.
Call the TSP main #877-968-3778
Also check to see if there is a reliable TSP Facebook chat group for advice.
No transactions are available prior to the new system release in June 2022(?).
Any other financial institution would be w put in receivership by the SEC.
I hope this helps!
On Jul 24, 2023, at 8:28 PM, Ken Johnston via groups.io <KJohns4456=aol.com@groups.io> wrote:
Time to join the lawsuit against TSP and Accenture
On Monday, July 24, 2023, 8:18 PM, judd <judd@ionsky.com> wrote:
What else is wrong?? How about the Mutual Fund window which doesn't provide a way to evaluate the funds on traditional financial measures like ROI over 1, 5, 10 yrs and instead has an ESG score search which isn't a financial measure at all but instead is a measure of how able to survive in a socialist / communist system a company may be. Does anyone know if someone has compiled traditional financial measures for the Funds in the Mutual Fund window and has it published someplace??
On Mon, 24 Jul 2023 23:58:09 +0000 (UTC), "winfield100 via groups.io" <winfield100=yahoo.com@groups.io> wrote:
Is there any central place where folks having trouble with the new TSP website can get help?I apparently have no data prior to around July or so last year, even though it should be availableALL my TSP beneficiary and my spouses TSP beneficiary data was "vanished" as we both have TSP accounts.It was extremely difficult to get my daughters back in as beneficiaries, get their _correct_ addresses in, get their Social Security numbers in.When I entered the SS number for 1 daughter I was informed I could not use that number as it was already in use I finally got them in by doing a tiny bit saving, logging out, logging back in, repeating for my TSP.My wife's TSP was just as difficult, except I'm of "unknown sex", I was apparently born 1/1/1800 and live elsewhere.at least 1 other was born 1/1/1800We have tried 10 times and the telephone help cannot resolve the problem.They said not to worry, it will get fixed.It's a legal document and I'm a bit concerned at what is a cavalier attitude in my opinion.What else is wrong?
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