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In the real world the real heroes, i.e. the people who will literally save our bacon right now, are mostly unknown, faceless bureaucrats.
The virus-driven stock market crash has hammered the TSP accounts of hundreds of thousands of feds, many of whom had planned to retire this year.
Over the past 11 years just about everybody and his brother has predicted that the record-long bull market couldn’t last forever.
Participants in the Thrift Savings Plan are reacting to the coronavirus and recent stock market volatility with more withdrawals and more transfers from the C, S, I and L funds to the G fund, the Federal Retirement Thrift Investment Board said.
The one sure thing about stock market predictions, whether and when it will boom or bust, is that eventually you will be right.
Managed to finish two horror novels last Thursday. The bad news is they were both true, as near as we can tell.
While there are still probably lots of self-made civil servant millionaires, the ranks of those who invested or saved their way into the 7-figure 401k club have definitely been thinned by the stock market's reaction to the coronavirus problem.
It feels instinctual to want to sell securities now, but it's an instinct you should ignore.
For a few reminders on the basics, the Federal Drive with Tom Temin spoke with ProFeds founder Chris Kowalik.
Well, it finally happened. After 10-plus years, the longest bull market in history, the stock market had an historic correction.
While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.
The Thrift Savings Plan will begin to set automatic contribution rates for new participants at 5% starting this fall.
Even in the federal government where workers are supposed to be treated the same and be paid based on their grade level, there are differences. Take the two main retirement systems.
One of the great fears of people planning for retirement is running out of, or low on money while they are still breathing.