Upcoming mutual fund window

[Bubba]

Dear all,

Sometimes it seems like I'm the only one stoked for the upcoming mutual fund window. Nevertheless, I think some of you might find the following interesting.

The company that will provide us the service is called Alight (got it from the FRTIB minutes from November).

General info:
https://alight.com/research-insights/se ... e-services

Directions on how to use it:
https://www.alightfinancialsolutions.co ... ochure.pdf

General info website:
https://www.alightfinancialsolutions.com/home.htm

The no fee fund list:
https://www.alightfinancialsolutions.co ... .pdf?ts=79
hint: not much useful here. Sadly. Maybe some suggestions from members here would be interesting. I only like one Baron fund. BREIX.

Here is the full list:
https://www.alightfinancialsolutions.co ... pdf?ts=219

Finally, here are the general costs:

https://www.alightfinancialsolutions.co ... pdf?ts=187

The fees are really, REALLY high. It's so odd given that in my own brokerage half these things are free and I can switch between funds monthly. No, here the switch is every 3 to 6 months and if I want to go the ETF/stock route that costs per purchase (assuming the TSP will allow for the purchase of ETFs/stocks).

I'm a bit shocked that the TSP board chose Alight instead of Fidelity, Schwab or Vanguard or some other, reputable brokerage. I guess this was expected.

Best,

Bubba

P.S. We still have to see what the TSP negotiated with Alight, but I'm not holding my breath.

[Bubba]

Funny, again I'm the only one posting here. I hope this is interesting to at least one other person on the forum.

As an added note, check out the reviews on Alight:

https://www.trustpilot.com/review/www.a ... om?stars=1

We have "much" to look forward to when we get that window...

[Scarfinger]

Interesting. A lot of negative reviews. Will they be handling the TSP? Will this increased our cost structure? What are your take away from these changes?

[Bubba]

Interesting. A lot of negative reviews. Will they be handling the TSP? Will this increased our cost structure? What are your take away from these changes?

I think the main impact is that investing outside the current funds (S, C, etc.) will be expensive. I'm not sure why the FRTIB made such a horrible decision. I do have a tiny sliver of hope that they will have given us a better deal, but that sliver is very, very small. Rotating funds seasonally can be very interesting, but the TSP made this much more difficult.