great recession

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.

The current world economic situation triggered by the coronavirus pandemic reminds more people of the Great Depression than it does the Great Recession of 2008-2009.

To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.

Experts on Wall Street and world financial markets have been predicting another recession, some almost daily, since the last one ended more than 10 years ago.

Could the next government shutdown end the record 10-year bull market and trigger another recession? It may not be long until we find out.

A growing number of Thrift Savings Plan investors are nervously wondering how much longer the current bull market will last, and can last.

Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.

So how’s the retirement nest egg you’re building one paycheck at a time going?

The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.

Thanks to the ups and downs in the global markets, some of the 37,612 feds who were Thrift Savings Plan millionaires at the end of June may be back to six-figure balances.