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Search Tags: TSP
It's been nearly three weeks since the Thrift Savings Plan board announced a data breach of 123,000 Thrift Savings Plan, and since then, the board has been fielding questions from participants, Congress and the media. TSP's executive director answered some of the most frequently asked questions about the breach.
The cover up, as they say, is almost always worse than the crime itself. The rule of thumb, from the Watergate era, is follow the money, although people rarely do that. Following the money can be tricky. Also complicated. Especially in the computer age with multi- national players, Senior Correspondent Mike Causey says.
Eight of the 10 Thrift Savings Plans posted negative numbers for the month of May, with the two funds posting positive numbers sliding slightly as well.
How does it feel to be hacked? To have your inner most financial details stolen from a safe spot. And not to learn about it for months. Lots of feds have lots of different reactions to the TSP identify theft situation. So how are you coping?
Is it the crime or the coverup that counts most? In the case of the TSP hacking case should the focus be on finding out who done it, or should we go after who it was done to — as in who let it happen? Was it a coverup and who knew what when ...
Host Mike Causey will talk retirement, the TSP, and more with attorney Tom O'Rourke and Federal Times senior writer Stephen Losey.
May 30, 2012
Did you ever wonder why people in nudist camps play volleyball instead of poking sticks into bee hives? Think about it ... and then apply that logic to the recent identify theft attack on your Thrift Savings Plan account data.
Six of the eight Thrift Savings Plans funds are down over the last month. The I and S funds have taken the biggest hits. The Federal Retirement Thrift Investment Board said the rollout of the Roth TSP option has been slow, but should pick up in the next few weeks.
Hosts Bob Leins and Tammy Flanagan discuss the Roth TSP with the Federal Retirement Thrift Investment Board's executive director, Greg Long, Director of External Affairs Kim Weaver and Assistant General Counsel Laurissa Stokes.
May 14, 2012
Do you know the difference between a Roth IRA and the Roth TSP option? Because if you don't, it could cost you thousands of dollars in taxes and in future income when you retire, Senior Correspondent Mike Causey says.