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Fee factor

Don’t let expenses chip away at savings, experts warn

A copy of a financial statement and a pencil
Employees can watch a new online video to learn more about Thrift Savings Plan (TSP) fees and expenses.

When saving for retirement, it’s important to focus not only on how much you earn on your investments — your rate of return — but also on the fees and expenses you pay for the management of those investments.

Over time, these costs can chip away at your retirement savings.

The Postal Service reminds employees that the Thrift Savings Plan (TSP) has some of the lowest fees and expenses in the industry.

For example, for 2014, the average net expense was 29 cents for each $1,000 invested, lower than most comparable plans, experts say.

Watch the four-minute video “Vesting: What Do You Pay to Save?” to learn more about TSP fees and expenses.

For more on TSP and other money management resources, visit the financial wellness site on LiteBlue.

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