TSP

While most feds oppose WEP and GPO, today’s guest columnist said he’s looked at the background, crunched the numbers and in his opinion they are fair.

The last few months of volatile activity resulted in huge numbers of withdrawals and inter-fund transfers, and so May appeared to reflect a calming among investors.

Rep. Gerry Connolly (D-Va.) accused the Trump administration of politicizing the Federal Retirement Thrift Investment Board, which recently deferred plans to move the international fund to a new, China-inclusive index.

What Stein can diagnose are sick and healthy financial trends, pointing out that for 11 years, leading up to the virus-driven crash, the stock market was in bull-market territory longer than any time in the country’s history.

According to last week’s Wall Street Journal, the top-stock buyer for the government of a very oil-rich Middle Eastern nation has been scooping up multiple shares of Marriott and Boeing (Disney World and the airliner)…

They say that the coronavirus is a threat to all of us regardless of who we are and where we live – we are all in the same boat. But are we really?

What a week for the Thrift Savings Plan. The TSP offered more details on how its participants can take loans and withdrawals during the coronavirus pandemic, and the international fund faces a different fate.

In a unanimous decision Wednesday morning, the Federal Retirement Thrift Investment Board voted to defer the implementation of a new, China-inclusive index for the international fund. The board members cited ongoing economic uncertainty from the coronavirus, as well as the president’s three new nominees to FRTIB, as reasons for their decision.

In a rare move, the White House on Monday ordered the Federal Retirement Thrift Investment Board to “immediately halt” plans to transition the international fund to a new, China-inclusive benchmark.

Do you find yourself wistfully looking back to the good old days of 2008-09? If so, welcome to what may be a fast-growing club.

Over the past five months, there have been some major changes to the tax code that could impact the amount you pay and how effectively you use the money in your Thrift Savings Plan, if at all.

Whether you are a plodder or a planner, foot-loose or up-tight, odds are your retirement checklist didn’t mention the possibility of a once-in-a-lifetime pandemic that would knock the 11-year bull market to its knees.

In addition to upending virtually all aspects of our personal lives — health, safety, socialization — the coronavirus and reaction to it have  forced millions of people to rethink plans for the future.

President Donald Trump hadn’t appointed his own nominees to the fill the Federal Retirement Thrift Investment Board until Monday, months after members of Congress first expressed deep concerns with the TSP’s plans to expand the international fund to a new, China-inclusive index.