9:31 am, March 27, 2015

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  • TSP Board Smart??
    Tea Partier
    For several years, TSP participants have been begging the TSP to start a precious metals fund. Congress even authorized the expansion of TSP into additional funds. Gold at the time was probably about 1/4 what it currently is. But did the TSP Board act? Nooo. They thought they were smarter than their participants. Today, with gold near $2,000/ oz., the TSP board looks like utter fools, and we have had a missed opportunity to make a lot of money in the fund that never was. Thanks a lot, TSP Board.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "...a missed opportunity to make a lot of money..."?
    FERS Fed
    Uh, was there some 'government regulation' that prevented you from investing some after-tax money into a precious metals mutual fund?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Private Sector 401Ks
    BeanerECMO
    have trading restrictions now as well. Yes, there are more choices in the private sector; i.e., several more 'funds' (to have the opportunity)from which to choose and lose. However, because so many were taking the 'opportunity' to trade (in seemed) on an hourly basis, the companies stopped that because of the incredibly high service cost to the company (it wasn't against the employee). So, now, it's a bit more sane and un-Scotttrade-like. But, people in TSP can do effective trading/changes on their holdings; ie.e, employees may also choose to change the allocation percentage of their existing fund balances (referred to as "Interfund Transfers"). Prior to May 2008 employees could change the allocation as often as possible (limited to one per day) among any and all funds; beginning in May 2008 employees are limited to two unrestricted transfers per calendar month, all subsequent transfers must be into the G Fund only. And, as you said earlier, nothing is stopping you from using after-tax funds to set up what you want to do. But, a lot of 'money managers' really discourage 'timing' trades.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • To Beaner
    Moderate
    Good points.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Well they also turned down
    wisenekt
    a real estate investment option during the market boom so I guess they can't be too dumb.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Centralized Planning
    Tea Partier
    This is exactly what you get when you allow centralized planners to determine your risk tolerance for you, instead of allowing individuals to make their own decisions: missed opportunities.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "...allowing individuals to make their own decisions..."?
    FERS Fed
    If gov't service is so bad, why not exercise the courage of your Tea Party convictions and decide to go to the private sector? Or does 'smaller government is better' not apply when to comes to you personally? ....... Thanks for the daily dose of Tea Party hypocrisy.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • TSP
    marien
    Hello Tea Partier, I suggest that you close out your TSP account immediately and choose a private investment company instead. So what if you will pay much higher administrative fees. So what if you won't get any matching money from your employer (assuming your are FERS and not CSRS). There are plenty of investment firms, banks, etc. that will be more than glad to take your money to help contribute to CEO bonuses. Put your your retirement investment decisions in your feet and run somewhere else. Nobody is making you participate in the TSP. Based on your comment that "they [TSP managers] thought they were smarter than their participants" suggests that you view yourself as a financial wizzard. So, I would also suggest that you quit your civil service job and get a job as a financial advisor/fund manager with the TSP. PS Please let us know how your interview goes and when you will make your patriotic move to cut the number of federal employees. By the way, what is the data on "TSP participants have been begging the TSP to start a precious metals fund?" Dates? Number of begs, yours included?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • CLOSE TSP ACCOUNT
    BeanerECMO
    I don't know that that can occur. Even if the employee does not participate directly, the government still puts 1% into the employee's TSP account.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Hypocrisy
    Dennis Retiree
    I am getting very tired of libertarian and/or extreme right wing anti-government conservatives who work for the government. These people enjoy the fruits of government employment and then belittle everything the government does. If you don't believe in the government, have the courage to quite your job and go work in the private sector. During my career, I found that the overwhelming majority of people I worked with were conscientious and endeavored to do a good job for the taxpaying public.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • To Marien and Beaner
    Moderate
    Correct me if i am wrong, but i do not believe you can close out your TSP account while being employed by the Federal government. You can take loans if you choose, but I do not know the detail of how it is done and what the restrictions are. I may have misinterpreted your comments Marien, but I am not sure. Tea partier can stop contributing to the TSP and do an IRA that can be invested.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • New Federal Agency?
    NIHer
    Great article, but just want to mention that we don't have a "Communicable Disease" agency. The correct name is "The Centers for Disease Control and Prevention" (smile). I'm sure I won't be the last to bring this to your attention. Have a great day and keep those articles coming. They are the highlight of my morning each day!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • upset tea partier
    marien
    The complaining Tea Partier does not have to put one penny into the TSP. He/she can, instead, put as much after-tax dollars into any investment with any brokerage house, bank, etc. he/she chooses. If the government requires FERS employees to have a TSP account, the Tea Partier isn't out any money and need not worry about investment options available via the TSP. The Tea Partier seems very conflicted between political beliefs and the reality of where he/she works and is fairly consistent in bashing feds and federal employment. I would advise this person to quit the government job immediately in order to be true to his/her political beliefs and move forward with hatred of the federal government without being a hypocrit. I would also suggest that this person minimize what they get from Uncle Sam via the job: first and foremost drop health insurance; don't participate in the HSA; stop putting any pre-tax dollars into the TSP; give up family leave; don't use any annual or sick leave - donate it to the agency's leave bank; report to work on paid holidays; don't participate in any commuter support (no or low cost parking; subsidized metro/bus/VRE fares); don't get a free flu shot; don't take any training paid for by the government... This person really needs to move to the private sector. Maybe with any luck his/her job will be terminated by the Tea Party controlled cuts to federal agencies. If that should happen, he/she should decline all unemployment benefits.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }