jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Curious to know what others think about the expansion of the TSP to optionally include an expansive selection of mutual funds. TSP expense ratios have been rising dramatically lately and I think they have a new contractor to co-manage the plan so I see this as a means to make the plan more profitable for the plan managers. It is very good that they have put some fees in place to shelter the participants that do not partake of the new mutual fund options. Overall the costs seem exorbitant to me.
Coming this June: the mutual fund window option
The mutual fund window is designed for TSP participants who are interested in greater investment flexibility. If your account meets certain eligibility criteria, you can choose to access a selection of more than 5,000 mutual funds. As with most mutual funds, this flexibility comes with fees:
$55 annual administrative fee to ensure that use of the mutual fund window does not indirectly increase TSP administrative expenses for TSP participants who choose not to use the mutual fund window
$95 annual maintenance fee
$28.75 per trade fee
Other fees and expenses specific to chosen mutual funds
If you choose to invest through the mutual fund window, your initial investment must be at least $10,000, and you may not invest more than 25% of your total account in the mutual fund window.
Coming this June: the mutual fund window option
The mutual fund window is designed for TSP participants who are interested in greater investment flexibility. If your account meets certain eligibility criteria, you can choose to access a selection of more than 5,000 mutual funds. As with most mutual funds, this flexibility comes with fees:
$55 annual administrative fee to ensure that use of the mutual fund window does not indirectly increase TSP administrative expenses for TSP participants who choose not to use the mutual fund window
$95 annual maintenance fee
$28.75 per trade fee
Other fees and expenses specific to chosen mutual funds
If you choose to invest through the mutual fund window, your initial investment must be at least $10,000, and you may not invest more than 25% of your total account in the mutual fund window.