Some of the smartest people in the nation work for Uncle Sam and belong to the Thrift Savings Plan. For some it is a nice option. For most, it is their primary retirement nest egg.
The six new lifecycle funds represent a shift toward five-year increments rather than the usual 10. The Thrift Savings Plan will also retire the L 2020 fund, with a plan to automatically roll L 2020 fund participants into the L income fund starting June 30.
Many people investing for retirement know that it is risky, dangerous and stupid to try to time the market.
When Congress set up the TSP it told the managers to keep it simple, keep it cheap to users with low administrative fees, and to keep it apolitical.
If your like most active and retired federal investors you have little or no money in the I fund of the Thrift Savings Plan.
Now that more states and jurisdictions are easing social distancing rules, millions of people are stumbling back to pre-COVID-19 normalcy – if you can remember what that was like.
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.