11
11
0
Each fund is managed and diversified differently. My distribution puts money into all funds at varying amounts. Anyone found any other great ways to spread their contributions out?
Finance
Investing
Retirement
TSP
Planning
Posted 5 y ago
Responses: 8
6
6
0
You're doing the right thing. Remember, TSP is for retirement. For many of us, that's a long way off. For some, it us now. Goals, time horizon, other assets and income, personal risk tolerance and other considerations will affect how you should allocate your TSP assets. And, while tax advantaged, government matched retirement savings vehicles are very important, don't forget to also set aside money for other goals and emergencies.
(6)
(0)
Sgt (Join to see)
LTC Steve Mannell Excellent things to consider Colonel. During my civilian career, I would offer money management advice to groups or individuals during brown bag lunches. Our matching was reduced, but at one time the matching was 50% of the first 8 percent invested in our 401K. I would have co-workers tell me that they could not afford 8 percent, so instead they would not participate at all, or invest three or four percent. I would tell them that if they saved the 8 prevent, they would automatically get a 50% return on their money, with the additional four percent matching. I would try to show them where they could save money in other areas in order to at least get the matching.
(1)
(0)
MSgt (Join to see) As mentioned by CW2 (Join to see), you should be diversified. Study and become a knowledgeable investor. There are excellent websites that you can go to in order to become a better investor. The Vanguard questionnaire will help you determine what your asset allocation should be. Vanguard also has other great resources. The second link to Investor.Gov will provide you with investing basics.
After you have completed the questionnaire, study your Thrift Savings Plan investment choices to determine the best choices. Look at the 10 year and lifetime returns, level of risk, and the fee structure when making your choices.
Have money outside of your thrift plan to cover emergencies, and if you can, put additional money in Roth IRAs.
Keep track of your investments, and reallocate at least once a year, if your asset allocation has changed from your target allocation. As you get older, you will want to become more conservative with your investments. Doing you rhomework will pay big dividends down the road. Good luck.
https://personal.vanguard.com/us/FundsInvQuestionnaire
https://www.investor.gov/
After you have completed the questionnaire, study your Thrift Savings Plan investment choices to determine the best choices. Look at the 10 year and lifetime returns, level of risk, and the fee structure when making your choices.
Have money outside of your thrift plan to cover emergencies, and if you can, put additional money in Roth IRAs.
Keep track of your investments, and reallocate at least once a year, if your asset allocation has changed from your target allocation. As you get older, you will want to become more conservative with your investments. Doing you rhomework will pay big dividends down the road. Good luck.
https://personal.vanguard.com/us/FundsInvQuestionnaire
https://www.investor.gov/
Vanguard - Determine your asset allocation
Our investor questionnaire can help you balance your investment portfolio between stocks, bonds, and cash.
(3)
(0)
LTC Steve Mannell
Great advice here. If financial planning and investing isn't something you're strong at, learn or get help from someone you trust that is good at it.
(1)
(0)
3
3
0
MSgt (Join to see) Okay, so I’m gonna out myself, but my brother in law is a financial advisor and as such, advises me on what he THINKS is the best option. At the end of the day (and this is something that he echoes) is that you need to diversify. Wish I could help you more, but I’m not the Wolf of Wall Street.
(3)
(0)
Read This Next
Continue with Facebook 
Continue with Google