The TSP recently released the results of its 3rd-party audit for Calendar Year 2013. While most of the findings are a snoozer, what continues to amaze me is that almost a majority of assets in the TSP are invested in the G Fund.
Category Archives: Retirement
TSP to Ignore Recommended New Fund Offering… Again.
Last week the TSP (and its participants) paid for yet another 3rd party study, which yet again recommended adding more fund choices, which yet again the TSP will likely ignore. Continue reading
DoD’s Immediate Retirement Pay - a Wolf in 72(t)’s Clothing
Sometimes as a Personal Finance blogger I lay awake at night wondering what my next meal ticket post will be.
Then I received this fat fastball- Pitched right over the Plate- From the Navy Reserve Recruiter:
(Side rant: I receive these emails from The Navy Reserve Recruitment system because I am Individual Ready Reservist (IRR), and the Navy is trying to convince me to go back in to a paid (SELRES) status so that I can fly across the country for Drill Weekends. The Navy recently kicked its IRR reservists to the curb as I have documented here- The Navy does not even permit its IRR reservists to access their online university (Navy Knowledge Online) to earn retirement credit points).
Back the the post. And it’s a Doozey. Here’s the ‘Immediate military retirement pay’ announcement I received in my inbox: Continue reading
House Agrees with New TSP Investment for New Hires
This past week the House authored a bill that would change the default TSP allocation for new Fed Hires.
The Smart Savings Act proposes that new hires have contributions automatically invested in an ‘Age Appropriate Target Date Asset Allocation Fund as chosen by the TSP Executive Director’. Translation: Continue reading