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Congress has its eye on the G-Fund again. Some members want to change the way the rate of return is figured. One version of the federal budget in the House estimates savings up to $32 billion to fund other programs. But, members of the Employee Thrift Advisory Council are warning those changes could cause people to get out of the TSP altogether. Jessica Klement, legislative director of the National Active and Retired Federal Employees Association, joined In Depth with Francis Rose to talk about the proposed legislation.
The National Treasury Employees Union, the Employee Thrift Advisory Council and 13 other organizations urged Congress not to use the Thrift Savings Plan — the federal government’s retirement savings program — as a revenue source.
Do you ever worry about running out of money once you've retired? Senior Correspondent Mike Causey says it's not a problem for most federal workers.
Are you having recurrent nightmares about your Thrift Savings Plan? Senior Correspondent Mike Causey says the bad news is that you aren't dreaming.
Are you having recurrent nightmares about your Thrift Savings Plan? Financial planner Arthur Stein joins host Mike Causey to discuss investment strategies for your TSP account. September 9, 2015
Only the G Fund, which buys nonmarketable Treasury security, posted positive returns for August. The remaining Thrift Savings Plan funds posted negative numbers across-the-board.
Randy Silvey, wealth adviser and president of Silverlight Financial, contends federal employees don’t take enough control of their retirement planning and that impacts their future.
Tammy Flanagan with the National Institute of Transition Planning joins host Mike Causey to discuss what you should consider as you plan your retirement from the federal government. August 12, 2015
The Thrift Savings Plan saw across-the-board growth in July, except for a downturn in the international stocks S fund.
Getting your money out of your Thrift Savings Plan account could get easier in the future. The Federal Retirement Thrift Investment Board approves the pursuit of changes to withdrawal options for TSP participants. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She tells In Depth with Francis Rose why the TSP wants to make the change.
At its monthly meeting on Monday, the Federal Retirement Thrift Investment Board made two decisions that could have a big impact for federal employees participating in the Thrift Savings Plan.
Many private sector types claim they would lop off a key part of their anatomy to be in the Thrift Savings Plan, says Senior Correspondent Mike Causey.
Senate leaders agreed in principle to a six-year highway transportation fund bill that doesn’t try to raise money by changing the way the interest rate on the G-Fund is calculated. But Democrats stopped the bill from moving to a full vote because they wanted more time to read the entire bill.
The Senate is working on a long-term highway spending bill that taps billions of dollars from the Thrift Savings Plan to help pay for it. House budget writers say the G-fund is just too good of a deal and they want to base the fund's interest rate on a three month average instead of the current four-year average. Kim Weaver of the Federal Retirement Thrift Investment Board says that would make the G-fund virtually worthless for TSP participants. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. She tells In Depth with Francis Rose that NARFE wants Congress to come up with another solution.