Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

Investment Window Policies Finalized by TSP

TSP account holders have awaited the opportunity to move their investments away from mutual funds throughout the program’s history. Having gone into effect on June 1st, the Federal Retirement Thrift Investment Board (FRTIB) has adopted a new rule without any changes. TSP participants were poised to begin utilizing the new mutual fund window the same month to expand their horizons and save money.

A new record-keeping system enables investments to be made through the mutual fund window, thanks to the ease of an app, new online features, and additional security features. More significantly, certain transactions had to experience suspended access between May 26th and the early-June launch date. In addition, a new annual administrative fee, annual maintenance fee, and individual trade fee were enacted, specifically for those who opt for the window. Minimal initial transfer amounts and a limit on investments through the window were also put into effect. These changes mean that the option will be extended to investors with $40k or more invested within a TSP.

Because the FRTIB has expressed the value of overall transparency toward TSP participants, the fees have been posted in dollar amounts. Through account maintenance fees and transaction fees, TSP participants choose to pay indirectly through revenue shares. There is also a limit regarding the amount of retirement savings that can be used for mutual funds. While many have criticized the 25% cap, the FRTIB assures investors that the cap is not intended to replace core TSP funds. The mutual fund window was created to enhance TSP rather than provide it as an alternative to core options.

Contact Information:
Email: [email protected]
Phone: 7735026467

Bio:
Todd Carmack grew up in Dubuque, Iowa, where he learned the concepts of hard work and the value of a dollar. Todd spent years in Boy Scouts and achieved the honor of Eagle Scout. Todd graduated from Iowa State University, moved to Chicago, spent a few years managing restaurants, and started working in financial services and insurance, helping families prepare for the high cost of college for their children. After spending years in the insurance industry, Todd moved to Arizona and started working with Federal Employees, offing education and options on their benefits. Becoming a Financial Advisor / Fiduciary can help people properly plan for the future. Todd also enjoys cooking and traveling in his free time.

Disclosure:
Investment advisory services are offered through BWM Advisory, LLC (BWM). BWM is registered as an Investment Advisor located in Scottsdale, Arizona, and only conducts business in states where it is properly licensed, notice has been filed, or is excluded from notice filing requirements. This information is not a complete analysis of the topic(s) discussed, is general in nature, and is not personalized investment advice. Nothing in this article is intended to be investment advice. There are risks involved with investing which may include (but are not limited to) market fluctuations and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making any investment decision. You should consult a professional tax or investment advisor regarding tax and investment implications before taking any investment actions or implementing any investment strategies.

Todd Carmack grew up in Dubuque, Iowa, where he learned the concepts of hard work and the value of a dollar. Todd spent years in Boy Scouts and achieved the honor of Eagle Scout. Todd graduated from Iowa State University, moved to Chicago, spent a few years managing restaurants, and started working in financial services and insurance, helping families prepare for the high cost of college for their children. After spending years in the insurance industry, Todd moved to Arizona and started working with Federal Employees, offing education and options on their benefits. Becoming a Financial Advisor / Fiduciary can help people properly plan for the future. Todd also enjoys cooking and traveling in his free time.

todd carmack Disclaimer

Investment advisory services are offered through BWM Advisory, LLC (BWM). BWM is registered as an Investment Advisor located in Scottsdale, Arizona, and only conducts business in states where it is properly licensed, notice filed, or is excluded from notice filing requirements. BWM does not accept or take responsibility for acting on time-sensitive instructions sent by email or other electronic means. Content shared or published through this medium is only intended for an audience in the States the Advisor is licensed in. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this transmission is strictly prohibited. If you receive this communication in error, please immediately notify the sender. The information included should not be considered investment advice. There are risks involved with investing which may include market fluctuation and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making an investment decision.

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