2. What do I do with my TSP?
When you first read about saving and investing when you were younger, weren't you intrigued about the time value of money? How you would have a lot of savings in 20 years if you got started putting $1000 a month into an account.
And since most investment accounts have high fees when you learned about Thrift Savings Plan you knew if was the best choice to accumulate your retirement savings.
But now you realize accumulation and access are different things. And as you expanded your investments beyond TSP you also discovered the constant "investment advice" being offered, for yet another fee.
Luckily you were able to avoid all that with your largest asset, your TSP. And now the accumulation phase is coming to an end, and you want to avoid being bombarded with every money management strategy that promises to "beat the market".
The Problem: Looking for "Investment Advice"
No matter if you ask a random facebook group, or your neighborhood financial advisor, you're going to hear the same thing. Roll your TSP into low cost index funds so that you can get more control and stay invested in the stock market.
But you aren't comfortable with those odds and realize investment advisors are technically just portfolio managers who can charge a fee.
The Solution: Veteran Retirement Rescue
A Registered Investment Advisors (RIA) will never tell you that you can buy insurance on the market instead and therefore not risk any of what you already saved!
Isn't that better "investment advice"?
We are licensed investment advisors at US VetWealth and therefore fall under the fiduciary standard. We can offer the same automatic index fund portfolio as TSP or any other firm. You can access that here, when needed.
But there's a better strategy.
People come to us because they have already played that game, don't like the uncertainty of current events, and want to protect the principle of what they have today and guarantee a increasing stream of income.