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Originally Posted by tmax63
I just recently got my TSP out of the government's hands into my own hands. Rolled it over into a traditional IRA for 14 months at 2.1% so I have a year to learn what's a better way. I'm 56 and retired from the Army as a civilian over 30 years. I know nothing about this area and would appreciate any help with where to start to learn more about it. Things to read or whatever. Thanks in advance.
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For people just getting their feet wet, do some reading about "index funds." You can have a pretty diversified portfolio by just getting into a handful of U.S. stock, international stock, and U.S. bond index funds. These have very low "expense ratios" (fees) compared to "managed funds" because you're not paying a guy to sit in a room and pick stocks - they just buy a little bit of everything.
If you want even more basic than that, target-date funds let you just buy one mutual fund that automatically balances more toward bonds (more conservative) as you get closer to their target date (retirement). There are index versions of those that have low expense ratios and are pretty much an autopilot way of investing.
If you want to do a little more in-depth reading, this book is a great primer.
https://www.amazon.com/Little-Book-C...dp/B075Z6HSCJ/