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Category Archives: military transition
Three Things to Consider About the Thrift Savings Plan
TSP has the lowest investment costs of any investment vehicle out there. Take a look at Vanguard. Vanguard is generally regarded as the mutual fund industry’s low-cost leader due to its quantities of scale. When compared to their Vanguard counterparts TSP index funds are a fraction of even those. Let’s compare a $1,000 investment in the Vanguard S&P 500 Index Fund (.17% expense ratio) to the TSP C Fund (.029% expense ratio). That means for a $1,000 investment, Vanguard will charge $1.70 per year, while TSP charges 29 cents! By the way, in the mutual fund industry, an annual expense ratio below 1% is generally all right. However, index-tracking funds such as these should be below .5%, so you can see that Vanguard & TSP are both well below the industry standard. But TSP is better. Continue reading
Retirement Journal (Initial Entry)
One of the things I wanted to do with this blog is to chronicle the transition from my military career to my new civilian career as a fee-only financial planner in the Tampa Bay area. One of my 2016 New … Continue reading
Forrest Baumhover Introduction
Hi. I’m Forrest Baumhover, and I’m a transitioning military member. My family and I have decided to retire to the Tampa Bay area, wrapping up a 24 year Navy career at the end of my tour at MacDill Air Force … Continue reading