- Reaction score
- 2,296
I don't believe the TSP thought this one through. Rather than giving us new funds as many asked, including perhaps a gold / precious metals fund, a tech / Nasdaq fund, maybe a crypto fund, etc., they instead they gave us more L-funds that are just different allocations of the ones we already have, and a mutual fund window with hundreds of options, higher fees, and a more difficult process to get in them.
It seems to be backfiring, based on our current survey. 3% are using it? I wonder how much money it cost participants to make those changes?
I'm not dogging the TSP because they did try. They just missed the mark and maybe they should have reached out more to get some input?
I started TSP Talk over 20 years ago because I noticed my most of my co-workers had no idea what to do with their account. They didn't even know what a bond fund was or which fund was a bond or stock fund, etc. I can imagine what the average worker thinks now with all the L-funds and the complicated Mutual Fund Window.
It seems to be backfiring, based on our current survey. 3% are using it? I wonder how much money it cost participants to make those changes?
I'm not dogging the TSP because they did try. They just missed the mark and maybe they should have reached out more to get some input?
I started TSP Talk over 20 years ago because I noticed my most of my co-workers had no idea what to do with their account. They didn't even know what a bond fund was or which fund was a bond or stock fund, etc. I can imagine what the average worker thinks now with all the L-funds and the complicated Mutual Fund Window.
