Readers' Comments
Total Comments: 126
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Quietly Changing the TSP's Investment Philosophy
Total Comments: 126
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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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tsp
va
Fri Jul 25, 2008 7:35 AM
Post Reply
It is truly disheartening to see the lack of leadership of Congress. They TSP porgram works fine while inflation, gas prices, military conflicts and other challenges NEED to be addressed. Instead of facing up to its responsibilities, congress greedily follows the money and acts like a puppet to special interests. One need only look at the housing fiasco and the special treatment that Senator Dodd received from Countrytime to know that these folks are only in it to line their pockets. Cong. Rangel from NY is another example of using their office for personal gain. I am nearing the end of my federal tenure and truly am glad as I cannot continue to tolerate the incrediblly inept leadership of Reid and Pelosi.
Re: tsp
DoC
Fri Jul 25, 2008 9:35 PM
The article sums this up very well, "The ultimate losers are likely to be the TSP investors. The winners will be the politicians who will collect campaign contributions from those that want a share of the fees from the TSP and the companies that are successful in getting their fund or company to become part of the TSP program".
With Reid and Pelosi, and others like them in Congress, our TSP will be doomed if these changes are made. Call, write, or email your representatives today and let's see if we can defeat this crazy bill before it becomes law!
The TSP Fund
IRS
Fri Jul 25, 2008 8:06 AM
Post Reply
Your article points out the adverse effects that H.R. 6500 will have on the participating government employees. I want to emphasize that making our retirement money a political football for the personal gain of politicians and resulting in a financial gain for their special interest groups at our expense is just ethically and morally wrong!!!
Are they also going to amend the Hatch Act so we can actively campaign against politicians who use our retirement money for personal gain at our expense? After all, fair is fair.
Re: The TSP Fund
Garrison
Fri Jul 25, 2008 12:38 PM
Are they also going to amend the Hatch Act so we can actively campaign against politicians who use our retirement money for personal gain at our expense? After all, fair is fair.
Re: The TSP Fund
USDA
Tue Aug 12, 2008 9:40 AM
Changing TSP Rules
Forest Service
Fri Jul 25, 2008 8:33 AM
Post Reply
Bad idea. The first and second change seem benign enough and do not seem to change the index fund nature of the TSP. The third change is the last thing we need. We all know what politicians do with money they think they can get away with. Why should feds have to be second class citizens even in private property - employees OWN their 401(k)s. Does Arkansas State Teachers Retirement Fund ring a bell with anyone?
Investment Philosophy
vha
Fri Jul 25, 2008 9:14 AM
Post Reply
Crooked politicians and crime on the streets.
Write Your Congressional Representative
USPS OIG
Fri Jul 25, 2008 9:49 AM
Post Reply
This is just plain wrong. Leave our retirement funds alone. I urge all Federal employees to write their congressional representatives and ask that they vote against this measure. If employees do want more choices in their retirement funds, there are alternative investments to the TSP. The TSP works fine, so leave it alone.
Changing the TSP
Defense Contract Management Agency
Fri Jul 25, 2008 10:11 AM
Post Reply
A simple philosophy, but nonetheless true, "If it ain't broke, don't fix it."
TSP Meddling
Energy
Fri Jul 25, 2008 10:12 AM
Post Reply
This is such a bad idea! How can we most effectively protest?