lucy_pulls_football

A loyal GubMints reader writes:

Eddie,
First off, thanks for such an informative website.  I am … in a VTU, and I have 2 more years left…, the local NOSC seems like they want more and more from us.  I am leaning towards the IRR, but I also want to make sure that can actually be feasible with just doing correspondence courses.  I, like yourself, am way too close to lose my retirement now.  What are the major issues that you have faced in the IRR with these courses?

Thanks for reading!  It’s not easy keeping up with the Navy’s IRR Regulations.

Here’s this years’  Navy IRR Survival Guide. Continue reading


7 Reasons Hedge Funds Suck

The following is a summary of points I found in ‘The Hedge Fund Mirage by Simon Lack. Simon spent an entire career on Wall Street as a trader or providing ‘Seed Funding’ to Hedge Fund managers. The goal of his book is to inform investors and provide some transparency to the Hedge Fund Industry.

Feds and Vets, thank yourself that the TSP prevents you from stepping in these Hedge Fund land mines below:

Continue reading


Don't go work for this guy.Mmm- Yeah, I’m gonna have to ask you to save much more for retirement, okay?

Defined-Benefit Pension Programs (like your FERS Annuity and/or Military Retirement Pension) are headed the way of the Dodo Bird.  Here’s a recent example.

The State of California recently illustrated the difficulty of running a Defined-Benefit Pension program.   CALSTRS (the California State Retirement System) is a juggernaut of a pension fund that is designed to support almost 500,000 teachers, state employees, and municipal employees in retirement. Continue reading


DigitalPiggyBank

As I’ve written many a time before, GubMints is a big fan of the Thrift Savings Plan (TSP).

Recently the White House Social and Behavioral Sciences Team decided to get ‘Freaky’ with Behavioral Economics and do some experiments to encourage more Active Duty Servicemembers to enroll or re-enroll in the TSP.  They did some interesting experiments to try and ‘move the needle’. Continue reading