Re: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?

The fees in the TSP are NOT any less than most ETFs following the same indexes, and many times are more. Please don't blindly buy into the statement that TSP is the least expensive place to keep retirement investments 

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From: TSPStrategy@groups.io <TSPStrategy@groups.io> on behalf of Ardon Kharpuri Mukhim via groups.io <akharpuri=yahoo.com@groups.io>
Sent: Monday, December 23, 2024 12:29:48 PM
To: TSPStrategy@groups.io <TSPStrategy@groups.io>
Subject: Re: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?

 

Access to many more ETFs is a big reason to roll out of TSP. You don't need active management.

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On Mon, Dec 23, 2024 at 8:19 AM, Nelson Garcia via groups.io

<it2garcia=yahoo.com@groups.io> wrote:

Thank you, I kept mine in TSP C and S than transferring it to my fidelity IRA because of the  fidelity high service management fees plus the taxes that I will be paying for the mandatory withdrawal when the time comes for the TSP

On Dec 23, 2024, at 5:09 AM, Jim Budinger via groups.io <jmbud2=gmail.com@groups.io> wrote:



Excellent points, Thomas. Thanks. Its hard for professional funds managers to beat the index funds, but they never miss out on charging higher fees than the TSP!

On Mon, Dec 23, 2024, 7:17 AM Thomas Wellock via groups.io <thomas.wellock=gmail.com@groups.io> wrote:

Regarding the original question: the only thing the feds can do to your TSP is suspend payments to your G fund during a debt ceiling fight, but they would be restored after it was over. With Congress and the presidency under one-party control, it seems unlikely that we will see debt ceiling fights in the near future. 

There are good reasons to roll money out of the TSP, but they haven't been mentioned yet. Rolling your money from the Blackrock-managed TSP to Vanguard, Schwab, or Fidelity would simply trade one Wall Street Komizar for another. And, if you are rolling your money out of the TSP to hand over to an advisor who will charge you an annual management fee, you will almost certainly underperform what your money would have earned in the TSP over a full retirement. After fees, index funds outperform active management about 95% of the time over 20 years or more. The TSP is a stodgy but safe place to keep your money.

Right now, it is true that you can get a better return in some money market funds than the G fund (my Vanguard MM is), but that is likely a temporary condition--a result of the inverted yield curve. The Fed has kept short-term rates high for a while now. If it lowers rates in the coming years, as expected, money markets will return to their traditional underperformance of the G fund. 

On Sun, Dec 22, 2024 at 11:58 PM Debbie Keatley via groups.io <dannkeatley=gmail.com@groups.io> wrote:

How's that? 

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

From: "Thom J via groups.io" <akthom=hotmail.com@groups.io>

Date: 12/22/24 9:48 PM (GMT-07:00)

To: TSPStrategy@groups.io

Subject: Re: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?

I was more worried about the Biden administration trashing the country.  

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From: TSPStrategy@groups.io <TSPStrategy@groups.io> on behalf of Herb Black via groups.io <blackht71=gmail.com@groups.io>
Sent: Sunday, December 22, 2024 7:31 AM
To: TSPStrategy@groups.io <TSPStrategy@groups.io>
Subject: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?

 

I am thinking perhaps it would be wise to roll over my TSP account to my Schwab IRA so that the government cannot raid my TSP money.

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