Readers' Comments
Total Comments: 85
Page 3 of 11
Page 3 of 11
Money, Congress and Your TSP: Watch Out for Your Retirement Money
Total Comments: 85
Page 3 of 11
Page 3 of 11
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| Close | Change | YTD | |
| G | $12.7463 | +0.0008 | +0.04% |
| F | $12.5956 | +0.0340 | +0.12% |
| C | $10.4853 | -0.3174 | +0.49% |
| S | $12.3632 | -0.4115 | +1.28% |
| I | $14.3592 | -0.2050 | +0.73% |
| Close | Change | YTD | |
| L 2040 | $12.5675 | -0.2638 | +0.63% |
| L 2030 | $12.6930 | -0.2335 | +0.55% |
| L 2020 | $12.9186 | -0.1958 | +0.47% |
| L 2010 | $13.8674 | -0.1008 | +0.25% |
| L Income | $12.8084 | -0.0642 | +0.19% |
January 8, 2009
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Who has the money
DOT
Fri Jul 11, 2008 10:40 AM
Post Reply
Who ever has the money is where the Congress will go. Would you consider Gerorge Sorros important if he didn't have money? Sad.... We need term limits.
TSP investments strategy
DOT
Fri Jul 11, 2008 10:42 AM
Post Reply
Well, been waiting for this. The whole economy needs more money. Knew they would start looking for ways to tap the tsp. Those who have years to wait it out, ok, but those of us who are at the door for retirement, especially single women, it is a sad state of affairs. Leave the tsp alone.
TSP my future
usda
Fri Jul 11, 2008 10:48 AM
Post Reply
Hey, the idea of people actually saving for retirement or in this case investing, is so foreign to most people, that for anyone to say they want to play with our money, just makes me angry. Just leave it alone. Why do politicians think they know better? Every thing I have put into my tsp this year is gone. And that is using the broad index. Now, someone wants to pay extra money so some person, people or computer some where can pick the stocks to invest in. Give me a break. If you guys let those guys touch my funds, I will roll it over to a roth ira. And maybe put in just enough to get the matching funds. It is bad enough when I see my paycheck and they are taking out for government retirement, social security, medicare and tsp, oh yes, TAXES that my net is pitiful. And with the little money i do get i have to pay for my comute to my job that the government moved further from my home. Thanks for that by the way. STOP being politically correct, or is that politically corrupt?
TSP & Politics
Dept. of Veterans Affairs
Fri Jul 11, 2008 10:51 AM
Post Reply
Tell Congress to "Go to Hades". TSP was constituted for the retirement benefit of ME the Federal Employee not Congress the influence peddler.
As you stated in your article, "The concerned Congressman stated: "The executive director of the Federal Retirement Thrift Investment Board revealed that there are minority firms with talent in long-term financial management. However, most of those firms gravitate toward the active fund management business, which is not an investment strategy of the TSP. "
The strategy of TSP is color, race, and gender blind!
These minority folks are not being precluded from participating they are choosing the "Actively Managed Funds" route because it is more profitable to them!
There is no discrimination so Congress needs to find someone elses pocket to pick to fund their patronage expenses.
TSP - Leave it alone!
IHS
Fri Jul 11, 2008 10:51 AM
Post Reply
Those that have contributed to the TSP for a number of years are now developing wealth for their retirement. Why can't they, the politicos, just leave it alone. People always want to try to make a good thing better. It almost never works. When they do, it is usuall ruined forever. Most people don't understant the ramifications and the time required to maintain a managed portfolio. Indexing for most of us is the only way to go. Leave my TSP alone!
Politicians Leave the TSP alone
DOD
Fri Jul 11, 2008 11:32 AM
Post Reply
It is time that the Civil Service workers speak out and tell the politicians to leave our retirement alone. Start with Congressman Danny Davis. Here is his contact information if you can't find it. Send him a fax or call him. Tell him that the TSP is working fine and we do not need his meddling.
Congressman Danny Davis (D-IL)
Washington, DC office address:
2159 Rayburn House Office Building
Washington, DC 20515-1307
Phone: 202/225-5006
Fax: 202/225-5641
TSP active vs. passive investment management
IRS
Fri Jul 11, 2008 11:34 AM
Post Reply
TSP should not be subject to the political process. Any retirement fund is required (by the laws passed by the same Congress) TO EXIST FOR THE BENEFIT OF THE PARTICIPANTS. Congressman Davis's motives seem very transparent to me. His motive is TO BENEFIT HIS CONSTITUENCY AND THEREFORE, INDIRECTLY, HIMSELF. Hands off my money Mr. Congressman!!!