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As of April 3, the number of federal and postal workers and retirees with million-dollar-plus Thrift Savings Plan accounts had grown to 23,098.
When most people focus on millionaires in government they are talking about a relatively small number of super-rich political appointees. But there is a larger group who did it by saving and investing in the Thrift Savings Plan.
One of the complaints some Thrift Savings Plan investors have is what they consider a lack of investment options.
The amount of money the White House is proposing to cut from federal workers' take-home pay and the future inflation protection benefits for retirees closely mirrors the balance of the F, I and S funds in the Thrift Savings Plan as of Dec 31.
The fund where federal workers have most of their retirement nest egg returned 2.3 percent last year, while the fund where they have the least amount invested returned 25.4 percent. What's wrong with this picture?
Did the recent stock market nosedive send you moving money from the stock indexed C and S funds into the G fund for safety? If so, was that a smart move?
Did the stock market mini-correction a few weeks back make you nervous? Did it cause you to shift money in the stock-indexed C, S and I funds into the "safety" of the Treasury securities G fund? Was that wise? Find out when financial planner Arthur Stein joins host Mike Causey on this week's Your Turn. February 21, 2018
A highly-respected New York financial writer predicted that the U.S. stock market was long overdue for a correction of the type we saw on Monday.
A growing number of federal workers are joining the self-made millionaires club, says Senior Correspondent Mike Causey.
Senior Correspondent Mike Causey says TSP millionaires all did the same thing: invest regularly, don't panic when the market hiccups and stay the course.
How much financial and investing advice should you give to a career civil servant who's got a million-and-a-half dollars in his Thrift Savings Plan?
The Thrift Savings Plan may have received a swift boost in July, but the returns were not nearly as fruitful in August as only two funds returned with an increase in growth
A growing number of self-made TSP millionaires invested in index funds from day one. But what are they? Senior Correspondent Mike Causey has the answer.
Federal workers and retirees have billions of dollars invested in the stock market as part of the Thrift Savings Plan, the government's in-house 401(k) plan, which is the world's biggest.