Many investors know the conventional thing to do, when times are good. But when things go south, which they do regularly, the fight-or-flight instinct kicks in. Times like now.
Looking into enrollment numbers for the TSP mutual fund window, an upcoming GAO investigation and the latest TSP millionaires report.
If you choose the invest-for-the-long haul course you may, as 112,000 rank-and-file federal and postal workers have done, become a TSP millionaire. But the keys are long-term investing and doing what the proven winners have already done.
Also in today's Federal Newscast, the Nuclear Regulatory Commission is criticized for its lack of transparency, and the Pentagon releases its first-ever social-media policy for official accounts.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
With so many feds retirement-eligible, many are likely crunching the numbers to decide if it is better to be retired from government than working for it. Both financially and emotionally.
Probate can be a lengthy and expensive process that takes months, even years in some cases, to determine how your estate will be split up. Learn what you need to legally protect your family/friends and be sure they get what you want them to get.
Also in today's Federal Newscast, the Marine Mammal Commission has its ethics called into question, and GAO is concerned the Navy is trying to impede Congressional oversight.
All funds finished in the black as well, the first such time since April 2021.
For TSP participants, customer service hold times are down to 15 minutes on average, but lawmakers are calling for a deeper investigation of TSP issues.
Two Members of Congress ask GAO to figure out what has gone wrong with the TSP's members-only website. There's news of a $12-million-dollar class-action settlement at DEA, some three-decades in the making. And NASA’s Goddard Center has a job opening at the top.
Feds are likely to get the word, this week, that membership in the TSP millionaires club has plunged.
For many investors, the Thrift Savings Plan will provide anywhere from one-third to half their income in retirement. Assuming, of course, there is income!
TSP investors who put money into any of the 5,000 new funds available in the federal 401(k) plan will do so for two basic reasons: money or passion.
If you missed the so-called Great Recession because you were too young to know or care what a TSP was, it's your turn! Welcome to the new updated version of Hard Times.