Re: TSP

If we go down the road of only permitting TSP to invest in so-called "socially responsible" investments all is lost. Every group with every conceivable wrong will demand that their offending investment be banned to TSP investors. Gone are investments in companies involved with alcohol, tobacco, firearms, casinos, big oil, big pharma, defense contractors, companies that do animal-medical research, did business with pre-WWII German companies, supposedly promote Civil War Confederate heritage, allegedly fail to promote women, minorities, gays, transgenders, those that fight unions, have too big a "carbon footprint," discriminate against the obese, donate to the "wrong" Political Action Committee (PAC), fail to pay a so-called "living wage," fail to serve vegitarian meals in the company cafeteria, and those that are generally "insensitive" to workers, etc. The S&P 500 will become TSP's S&P 176--excluding all the "bad" companies. Time to look for a new investment vehicle--TSP is DONE!

Re: TSP

Just wait for the far-left to argue that it is "socially responsible" to overweight investments in medical supply companies that sell surgical equipment to abortion clinics to uphold the "unquestionable moral right of every woman to seek an abortion on demand. " Just wait for the far-right to argue that it is "socially responsible" to overweight investments in publishing houses that sell the Bible and the Book of Morman across our land to reinforce the "moral absolute of aggressively promoting Christian values to all of America." The political debates in Congress today will slowly become TSP investment strategy tomorrow. Oh yes, TSP will become a political football--and, by the way, watch your investment returns plunge. Just forget retirement!

Re: TSP

Suggest that, while she is at it, Ms. White also look into the Congressional pension fund and impose that same restrictions she is suggesting for TSP. I can guarantee you that will not happen. And she gets hers, no matter what. We have to work for a living. Talk about a gang that should be outlawed. The Robbing Hoods.

Re: TSP

defined by whom?

Re: TSP

Thinking retirement? Think again.

Re: TSP and Congress

Hold the phone, who did you borrow money from to buy your house, car, boat? We use other people's money all the time, but I have to admit, I do not want Congress using my 401K...TSP.

Re: TSP and Congress

People may borrow money to buy houses, cars, etc. But, the two parties involved entered into the agreement willingly. In the case of TSP, you have a 3rd Party, the government, taking my money to loan to someone else. And, believe me I do not want the government touching my money. If I want to loan money to someone, I'll decide without the help of the Federal Government. I don't want them helping me like they helped Social Security.

Re: Read it again

I would be interested to know where to find a law that says the Federal Government cannot take money. I am sure that there are laws in place now that says that they cannot take Social Security money but they do it everyday! They make and break the laws all the time. FERS employees are already getting the short end of the stick - they need to leave our money alone!

Re: Who can define Socially Responsible, If TSP is not broke, do not fix it.

I fully agree. Congress should not be able to use money that is not there's to fix the problems of the world (result of their bad judgement). Federal employees should not have to pay taxes, hirer insurance rates, etc. and still provide a slush fund that can be used to bail them out. We cannot run our personal checkbooks into the red and "borrow" money from a slush fund created by other people to fix. It is shameful how much money is wasted and not accounted for - just shameful. Perhaps if they managed the money better we would not have the deficit we have now.