TSP Stays Mum on Some Details of I Fund Transition
The TSP has released some additional information on basing the I fund to a different index of international stocks, although it was not specific on timing except to say that it will be completed by year’s end, as previously announced. Click HERE for more.
OPM Faces Its First Test of Recent Retirement Processing Tweaks
The number of new retirement claims received by the federal government’s HR agency doubled in January, marking the start of the annual busy season.
The annual retirement surge is officially upon us, as the number of new claims doubled between December 2023 and last month, giving the Office of Personnel Management a chance to stress the efficacy of recent tweaks to the retirement process. Click HERE to read more.
Crafting Your Perfect Retirement Exit Strategy
These pre-retirement tasks can help ensure a smooth transition.
Most of the work that I’ve done over the past 39 years has been assisting federal employees separate from federal employment and move into their life after retirement.
As you might expect, there are some employees who have a smooth transition and others hit a few roadblocks that slow down the process. Click HERE to read more.
What Is the Purpose of the I Fund and How Much Should You Invest in it?
By Carol Schmidlin
The objective of the I Fund is to match the performance of the MSCI EAFE (Europe, Australasia, Far East) Index. The earnings consist of gains (or losses) in the price of stocks, dividend income, and change in the relative value of currencies.
This was proposed in 2017 and put on hold for several years. TSP is now considering this again. As you can see the MSCI EAFE is limited and is not a true representation of the international index. This is scheduled to go into effect this year!
If you are not sure how much to contribute you can either choose a lifecycle fund the coincides with your retirement date. I also highly encourage you to visit www.MyTSPVision.com and do a risk analysis. This is a great website run by Brad Kasper.
Also, please feel free to contact me at 856-401-1101 or email me at carol@franklinplanning.com.
Source: www.TSP.gov