personal finance
Changes to the TSP L Funds and Finance Friday Articles
There were a lot of great articles during the last week, so I apologize for the number below, but they are all great reads.
Also of note this week is that it’s time to decide whether you go for the new Blended Retirement System and this Thrift Savings Plan notice:
Changes coming to the Lifecycle (L) Funds — (November 29, 2018) We are planning adjustments to the L Funds in an effort to improve your investment outcomes. Effective in January 2019, we will increase exposure to international stocks (the I Fund) from 30% to 35% of the overall stock allocation in all L Funds. The L Income Fund stock allocation (C, S, and I Funds combined) will increase from 20% to 30% over a period of up to 10 years. The L 2030, L 2040, and L 2050 overall stock allocations will hold steady for a period of years before resuming their transitions from stocks to bonds. In addition to improving investment outcomes, this pause will align the L 2030, L 2040, and L 2050 Funds with the L 2060 Fund, which will be introduced in 2020 with an initial stock allocation of 99%. Visit Lifecycle Funds to learn more.
The L Funds are getting riskier, which is probably a good thing.
Here are this week’s personal finance articles:
2019 Contribution Limits and the Changes Impacting Your Retirement
6 Tips For Those Who Have Enough
7 Behaviors of the Wealthy (and How I Copy Them)
7 Ways To Increase Your Savings Rate
Best Stocks for 2019? Let’s Look At The 2018 Stock Picks First!
Doing Nothing About a Market Decline
Four Reasons To Hire A Financial Advisor
How the Bogle Model Beats the Yale Model
How to Retire Forever on a Fixed Chunk of Money
Physicians Want to Know How to Pay Off Debt Or Invest
Tax Code Changes You Should Know: What’s New for Homeowners
Tax-Loss Selling: A Silver Lining in Volatile Markets
Three Ways “First, Do No Harm” Applies to Personal Finance
Why You Should Not Give Up On Public Service Loan Forgiveness
Finance Friday
Here are this week’s personal finance articles:
Counting Down (a discussion about end of the year financial housekeeping)
Daylight Robbery (real life stories of bad things financial advisors have done to clients)
Financial CME #8: Test Your Knowledge
Is it Time to Take Some Money Off the Table?
Some Advanced 2018 Continuing Financial Education Reading
The View From Here (a discussion of how you should react to the recent stock market drop)
Finance Friday Articles
Recently there was a NAVADMIN about how time is running out to elect the Blended Retirement System (BRS). You have to opt-in by the end of the year if you are BRS eligible.
If you’re not sure if you are BRS eligible, read my article on the White Coat Investor site.
Here are the Finance Friday articles for this week:
A Little Perspective (an article about the recent stock market drop)
Continuing Financial Education (CFE) Week 2018
Deadly Serious (an article about why you need an estate plan)
Disability Insurance For Female Physicians: The Agony Of Defeat
Should You Track Your Net Worth?
Tax Code Changes You Should Know: Deductions, Exemptions, and Credits
The Key To Financial Success As A Doctor – Staying Hungry
WCI’s Fire Your Financial Advisor Course in Action: A Couple Creates Their Financial Plan
Finance Friday Articles
Here are this week’s personal finance articles of note:
Fanning the Flames (an article about the Financial Independence Retire Early or FIRE movement)
Financial CME #7: Test Your Knowledge
Five Messy Steps (and article discussing if you should steer clear of the stock market right now)
The Locums Life: Work Wherever You Want, Whenever You Want
Top 5 Reasons Not to Ignore Social Security
What Does Your Financial Report Card Look Like?
Finance Friday Articles
Here are your Finance Friday articles:
10 Biggest Financial Mistakes Doctors Make
A Dirty Needle Helped This Physician Get His Finances in Order
Annual Contribution Limit Increases for 2019 (401k, 403b, IRA, HSA) – and the TSP
Flying Solo (an article about Solo 401k accounts for anyone who moonlights as an independent contractor)
How to Negotiate Locum Rates like a Pro: No BS Guide to Getting What You Deserve
2019 Thrift Savings Plan Contribution Limits
Here’s the official announcement of the 2019 contribution limits for the Thrift Savings Plan:
https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/contributionLimits.html
For those less than 50 years old, it increased from $18,500 to $19,000. If you are 50+ you can do an extra $6,000 on top of that.
Finance Friday
Here are some good articles for Finance Friday:
Financial CME #6: Test Your Knowledge
How Much Value Can a Financial Advisor Add? (this one is my article – PDF version here if you prefer)
Is Your Home Properly Insured?
Travel Hacking 101: How to Travel the World for Free
Warning Shot (a discussion about recent market turbulence and whether you should react)
