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TSP Stock Funds Nosedive in June

To Retired USPS

Eng. Tech
DOD
Thu Jul 3, 2008 3:42 PM

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I did go see a financial manager curtisy of my bank and he looked at everything starting with my retirement goals to school for the kids. Not being able to profit off me, he had only good things to say about TSP. You need to find another manager....or start doing more homework instead of just taking his word for it. The more research you do, the more you will realize you've been had. You are at high risk for this in the future since you are already retired/elderly and not knowledgeble about your investments.


Mr. IT Spec with DOE, your plan won't work. When you retire and start withdrawing, you cannot specify which fund you want to withdraw from, it takes from all of the ones you have money in and evenly withdraws. The only way you could pull money out of your G fund is to put ALL of your money in that said fund.

Re: To Retired USPS

IT Spec
DOE
Wed Jul 9, 2008 10:16 AM
Hi Eng. Tech. Actually it's Ms. IT Spec. You raised a very good point about the withdrawal phase and using the TSP.

My only complaint about the TSP is the fact that the withdrawal options are so limited. I'm still five/six years away from retirement but I have some ideas as to what I will do.

I'm thinking I will convert the TSP to a Roth IRA over the first three years of my retirement (I won't yet be drawing a pension or SS, I'll be living on investments from a taxable account). I'll convert enough to put me into the 15% bracket each of the three years.

If anything is left over I will leave it in the G fund.

I was going to explain this in the last post but ran out of room.

Safety of Savings

Senior Manager
IRS
Fri Jul 18, 2008 9:05 AM

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With banks closing and again being reminded that the FDIC only guarantee $100,000. initially, then if the banks fails only 50 cents per $1.00. is paid.

Are the funds in TSP safe and what tools do I use to ensure they are?

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