Welcome to TSP Strategies

Welcome to TSPstrategies.com! This Web site is dedicated to exploring the benefits of saving and investing in the Thrift Savings Plan.

The companion book, TSP Investing Strategies: Building Wealth While Working for Uncle Sam, lays out a simple set of strategies for long-term, buy-and-hold investors to consider while investing in the TSP. This Web site and accompanying blog will build on those concepts, while focusing on new investing options and developments related to the TSP.

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Tag Archives: FRTIB

Jan


21

Final Decision on ‘Mutual Fund Window’ Expected in 2015

Interested in investing in other funds besides those offered in the TSP?  For example, in “socially responsible” funds, real estate funds, precious metals, or emerging markets? The TSP Enhancement Act of 2009 granted the Federal Retirement Thrift Investment Board the authority to establish a “Mutual Fund Window” through which TSP investors could invest in a wider universe of funds, and more than five years later, the board provided their “conceptual support” to the creation of a MFW late last year. … more

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Jul


15

Say-on-Pay and the TSP

What do you get paid?  Are you paid fairly for the work you do?  How much do you think you should get paid? How about the leadership in your agency or command?  Are they paid fairly? I’ve heard the debate many times over the years.  We don’t get paid enough.  We’re over-paid.  We could make more in the private sector.  We already do.   Etc. etc. Now, what does the leadership of the TSP deserve to be paid, managing as they … more

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Mar


26

The TSP Tweaks the L Funds

The L Funds are about to be tweaked. According to an announcement posted on TSP.gov: Updated Lifecycle fund allocations — (March 26, 2014) As a result of changes in long-term capital market assumptions and a review of the Lifecycle fund asset allocations, the TSP has revised the target asset allocations of the Lifecycle funds. The announcement then directs users to the L Fund page to see the “current asset allocations” for each of the funds. When I checked the fund … more

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Feb


11

‘Accrue’ Can Be A Funny Word…

We reached the debt ceiling again last Friday, February 7. Treasury had notified Congress two weeks earlier that it “would be forced to use extraordinary measures to continue to finance the government on a temporary basis.”   One of these measures is to suspend interest payments to the TSP’s G Fund. Treasury did this as of February 10, according to the Treasury Secretary’s letter to Congress and to a TSP announcement posted today*: “G Fund & the debt limit — (February … more

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Jan


27

The TSP’s ‘No-Name Nor’easter’…

One of the primary competitive advantages of the Thrift Savings Plan is the rock-bottom costs (expense ratios) we pay to keep our money invested in the stock and bond market funds. At around .02% of each fund, this amounts to about $2 in fees for every $10,000 invested in the TSP funds.  The average expense ratio of all other mutual funds was just over .9% in 2012, according to Morningstar.  This would cost the investor $90 for every $10,000 he … more

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Sep


30

Blackrock Selected as I Fund Manager

Blackrock will continue to manage the I Fund, the Federal Retirement Thrift Investment Board announced on September 16th. I suppose the only surprise is that the announcement came so soon.  As noted in early August, TSP administrators expected to make a decision by the end of the year.  This must mean there were very few – if any – fund management companies that submitted a proposal to manage the I Fund besides Blackrock.

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Aug


13

The Titans of TSP: BlackRock and now SAIC

TSP administrators announced late Friday that they have awarded the Technology and Enterprise Support Services (TESS) contract to Science Applications International Corporation (SAIC). According to the press release, the TESS contract is for two base years with three options (two years, one year, and one year) for a possible total of six years.  The total potential contract value if all options are exercised is $224.5 million plus phase-in costs of $2.5 million. The phase-in period will begin October 1, 2013 … more

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Mar


19

Study Recommends Keeping Status Quo for TSP Fund Offerings

Are you satisfied with the investment options in your TSP account?  Then you will agree with a recent “Investment Option Review” report conducted by Hewitt EnnisKnupp for the Federal Retirement Thrift Investment Board (FRTIB). On the other hand, if you are looking to further diversify beyond what the TSP has to offer, you may have to wait a while longer. The review compares the funds offered in the TSP to private sector “peer” plans and to the ten largest public sector plans. … more

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Jan


30

TSP Senior Management Back To Normal

As a further update to a previous post, TSP management has confirmed that Mr. Long continues to serve as Executive Director.  Although the online December FRTIB meeting agenda mentioned an Acting Executive Director, TSP managers relayed that Mr. Long was in attendance at the December Board meeting as Executive Director, and this should be reflected in the December meeting minutes to be posted any day now.  TSP managers also noted that the January FRTIB meeting agenda – which again listed an “Acting Executive Director” at the January 28th board meeting – was … more

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Jan


21

Some Records Updated, But Questions Remain

As an update to the previous post, some of the documents originally missing from the October 2012 Federal Retirement Thrift Investment Board (FRTIB) meeting minutes have been uploaded.  Well, one at least. For those who are interested in issues related to security, an audit report compiled by CliftonLarsonAllen discussed, among other things, “internal controls over financial reporting and general computer and application controls” – though auditors did not test the operating effectiveness of these controls or the changes made to … more

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Dec


19

F Fund Developments

In perhaps the most underwhelming news of the month, it was recently announced that BlackRock would continue to manage the Fixed Income Index Investment Fund – the F Fund.  (Management of the fund was recompeted this summer.) BlackRock won a one-year contract with four one-year options for renewal.  BlackRock had managed the fund since it acquired Barclay’s Global Investors – the former manager of the fund – in 2009. This likely bodes well for BlackRock in continuing to manage the … more

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Dec


13

New Leadership At TSP?

In an unusual move, the Federal Retirement Thrift Investment Board (FRTIB) held a closed-door session today.  There was just one topic on the agenda: personnel. Closed-door sessions in and of themselves are not unusual.  Most, if not all, monthly FRTIB meetings end after holding closed-door sessions.  But the closed-door sessions always follow lengthy meetings on TSP-related issues that are open to the public. What’s more, there is another meeting scheduled for December 17th, next Monday.  Item #2 on the agenda … more

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