Readers' Comments
Total Comments: 28
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Seeking Access to the TSP's Billions
Total Comments: 28
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| Close | Change | YTD | |
| G | $12.6959 | +0.0013 | +3.39% |
| F | $11.9530 | -0.0247 | +0.19% |
| C | $9.2824 | -0.6039 | -43.95% |
| S | $10.1934 | -0.8828 | -48.49% |
| I | $12.0957 | -0.7697 | -51.15% |
| Close | Change | YTD | |
| L 2040 | $11.0060 | -0.6167 | -39.66% |
| L 2030 | $11.2839 | -0.5499 | -35.19% |
| L 2020 | $11.6920 | -0.4696 | -29.78% |
| L 2010 | $13.1320 | -0.2608 | -15.06% |
| L Income | $12.3301 | -0.1593 | -8.46% |
November 20, 2008
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Glass houses
FAA
Wed Jul 30, 2008 8:32 AM
Post Reply
Ralph: Agreed that Feds need to look closely before they leap out of the TSP and into a privately-run IRA company. One need look no further than your article for some of those trying companies to pry away our money... in the ads for fedsmith !
Seeking Access to the TSP's Billions
DOD
Wed Jul 30, 2008 8:48 AM
Post Reply
Wouldn't it be nice if everyone else would just keep their hands out of our pockets...
TSP
epa
Wed Jul 30, 2008 8:51 AM
Post Reply
I'm 44 and expect to work until 62 (although, i can retire at 56 w/32 years of service). It is my plan to do a one time in-service withdrawl from TSP at 59.5 and roll the $$$ into a low cost index fund IRA (Vanguard perhaps).
It's not that TSP isn't well run...it is. what scares me is other interests getting their meat hooks into TSP and ruining a good thing.
I just need to hang in there for another 15 years!
too many zero's
us navy
Wed Jul 30, 2008 9:00 AM
Post Reply
You have too many zero's in that TSP pile, and we all know how the greed builds with the wall street crowd. Remember folks, you will pay them in the end for a little gain. nuff said.
Re: too many zero's
FedSmith.com
Wed Jul 30, 2008 10:48 AM
Re: too many zero's
DoD
Wed Jul 30, 2008 8:09 PM
Re: too many zero's
vha
Thu Jul 31, 2008 11:33 AM
Whether it's tsp or 401k.
Give Me Switzerland
DOD
Wed Jul 30, 2008 9:36 AM
Post Reply
As I ponder retirement, I am 50/50 about keeping my money in the TSP, into retirement. A few months back, I leaned that way. Then, they brought in the overly restrictive 2 trades a month policy. Now we see policitians trying to meddle & corrupt our TSP. In the private sector, there has been an endles blur, of countless financial scandals & company officers going to jail, or fleeing out of the country. There has been many, many, bankruptsies & most could have been unnecessary. Do I feel safe with them managing my money? Absolutely not!! I wish I could transfer my assets, out the country to an "old school" Swiss banker. TSP should begin that option.
Bertrand Russell from The Will To Doubt
af
Wed Jul 30, 2008 10:54 AM
Post Reply
Political opinions are hardly ever based upon evidence, except in the case of civil servants, who are forbidden to give utterance to them. Freudians have accustomed us to "rationalizing," i.e. the process of inventing what seem to ourselves rational grounds for a decision or opinion that is in fact quite irrational. But there is, especially in English-speaking countries, a converse process which may be called "irrationalizing." A shrewd man will sum up, more or less subconsciously, the pros and cons of a question from a selfish point of view. Having come to a sound egoistic decision by the help of the unconscious, a man proceeds to invent, or adopt from others, a set of high-sounding phrases showing how he is pursuing the public good at immense personal sacrifice. Anybody who believes that these phrases give his real reasons must suppose him quite incapable of judging evidence, since the supposed public good is not going to result from his action.
Re: Bertrand Russell from The Will To Doubt
DOD
Wed Jul 30, 2008 12:35 PM
Stay In TSP - NO WAY!!!
DOD
Wed Jul 30, 2008 1:43 PM
Post Reply
As soon as I am able, all my money will get out of the TSP. There is no way I am going to trust the same organization that bankrupted Social Security to not do the same with the money in TSP. Once money is outside of the TSP, there are so many more options on how to invest. To paint TIAA-CREF and Fidelity (rwo well respected financial institutions) and as hoodlums is a bit like saying don't drink water becasue some people have been known to drown in it.