Search:

Custom Search

Readers' Comments

Total Comments: 15
Page 1 of 2

« Previous | Next »

President Signs Tobacco Bill Implementing TSP Changes

TSP

Retired
USPS
Tue Jun 23, 2009 9:40 AM

Post Reply

Bet they don't invest in GM or Chrysler....

They know losers when they create them.

Fingers Meet Pie...

Retired Fed
None
Tue Jun 23, 2009 12:57 PM

Post Reply

What’s not optional, given this President’s track record on respecting private property rights, the law, or regulatory procedure, is that by 2012 there will be more fingers in the TSP pie than one can count, many of which will be unseen. The “mutual fund” option will be the lever…stand by to watch the petcock open on this, now.

Tobacco Bill and TSP

RETIRED
USAF
Tue Jun 23, 2009 4:28 PM

Post Reply

Why are we messing with something that has worked so good?

5% Match

AF Captain
USAF
Tue Jun 23, 2009 9:28 PM

Post Reply

When do they start matching our contributions up to 5%? That sounds like a good deal.

Re: 5% Match

Attorney
DOD
Wed Jun 24, 2009 7:28 AM
I'm sorry I do not know about military but for civilians they match 100% of the first 3% contributed and then 50% of the next 2%.

Re: 5% Match

Supervisory IT Specialist
DoN
Wed Jun 24, 2009 9:25 AM
The Military does not get any match.

It's still a great deal as you can not beat the TSPs low fees.

It would be great to see the military get matching funds, like civil service.

Re: 5% Match

worker
fed
Fri Aug 7, 2009 10:05 AM
What is the military pension? if it is like CSRS then military should not get a match. If it is like FERS, then military should get a match.

Good News - New TSP Survivor Benefit

Retired Manager After 40 Years Service
DoC
Tue Jun 23, 2009 9:55 PM

Post Reply

"Third, A survivor benefit would allow spouses of deceased TSP participants to maintain TSP accounts."

At least one bit of good news -- I always wondered why it was set up to force TSP survivors to withdraw/roll over everything when the spouse died anyway?

I hope the TSP board proceeds rapidly to write the new regulations for this sensible survivor change. After all, lots of feds and retirees are passing away every day.

I'm glad I have at least one item to applaud under Hope and Change. But, for the other changes . . . . . ?

TSP

Engineer
USAF
Wed Jun 24, 2009 10:57 AM

Post Reply

There has always been the option for the survivor to not withdraw or rollover the TSP - as long as it is a spouse and it is a designated benificiary.

I am retiring in one month so I will need to watch the government more closely - I think that lately they know how to screw up the economy - hope they don't screw up the TSP also.

Re: TSP

DoD Budget Analyst
NAVY
Thu Jul 2, 2009 10:56 AM
Engineer - if you are that close to retirement...then you would want to convert your TSP over to an annuity or at least only hold onto the TSP for a couple of years before converting it into an annuity. They pay a lot better than the TSP and you'll get a steady income from it. If you keep the TSP - then you'll have to set up withdraw schedules...etc.

Roth Option - Good News!

DoD Budget Analyst
NAVY
Thu Jul 2, 2009 11:04 AM

Post Reply

Finally we will probably get a Roth option to our TSP. This is great to have some tax diversification - especially for those who are in FERS. You'll be able to contribute after tax dollars to a Roth plan that has lower fees than probably 99% of the retirement plans out there. The best situation would be that an employee has both some taxable retirement funds and some non-taxable retirement funds. That way depending on what the taxes are in the future, you can withdraw more from one depending on the tax rates. With the large spending by the Feds right now, we may have higher taxes in the future. If that happens, then having $ in the Roth TSP would benefit you more because your withdrawls are tax-free. If taxes are lower in the future, it's best to have the current TSP, but since we don't know what is going to happen - the best scenario would be to have some of each. That way you can withdraw the same amt of $ but divide it up between the two TSP options depending on your tax bracket

Total Comments: 15
Page 1 of 2

« Previous | Next »

Add a Comment about this Article

** All fields are required.
Note: Your comments will not show up right away. FedSmith.com selects the most insightful comments from our readers for posting. If selected, your comments will show up in the comments section after they have been reviewed and approved. See our terms of use for more information.