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:
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
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
It’s going to take a while, but the Thrift Savings Plan has approval to move forward with slacking the noose of rules around TSP Withdrawals. Continue reading