021 Know Thine Enemy . . . The Real Deal on the TSP Lifecycle Funds
Do you know what happens when you let the military manage your TSP (Thrift Savings Plan)? You sacrifice between $1.1 and $2.6 MILLION by the time you hit retirement age. Let that sink in for a minute.
The Lifecycle Funds sold by the TSP are highly inefficient investment strategies that rob you of the returns you need to reach the goals and dreams you have for your future. But they do make the TSP a good deal of money -- not because they work, but because they are the default option that your Service Branch signs you up for when you join the military. Don't want to get screwed out of millions of dollars? Then take control of your finances, your retirement plan, and your TSP, and make sure you have $0 in a Lifecycle Fund. Ever.
In this week's episode, the Military Wealth Coach FINALLY gets to unleash on the scam that is the Lifecycle Funds strategy at TSP, and shares with you the real numbers behind why and how you will come up massively short in your retirement savings goal if you allow any of your money -- or any of your service's matching contributions under the Blended Retirement System (BRS) -- go into a Lifecycle Fund. It doesn't matter which one, or at what point in your life, they ALL lose you money.
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