Monthly Archives: July 2012
Today would have been Milton Friedman’s 100th birthday. Among his many accomplishments, Friedman won the Nobel Prize in economics in 1976. He passed away in 2006 at the age of 94. For those who are unaware of Friedman’s work, the place to start would be with his bio as presented on the Nobel Prize website, and you can also read his bio on the Library of Economics and Liberty website. Then move on to his books, Capitalism and Freedom, published in … more1 Comment
The G Fund and the C Fund are the basic building blocks of any TSP portfolio. Each has its strengths, and each faces challenges particularly in these difficult economic times. But they complement each other in ways that can provide a more stable total TSP investment than investing in either on its own. The G Fund is a stable value fund made up of special U.S. government securities issued to the TSP. The fund calculates rates based on a weighted … moreComments Off on The G Fund and the C Fund
Annuity rates are at a rock-bottom 1.875% for TSP investors who choose to purchase an annuity with MetLife, the Thrift Savings Plan’s sole contracted annuity provider. And chances are, the annuity rate will fall yet again in the coming month or two, since rates for U.S. treasury bonds continue to fall. The interest rate on the 10-year treasury bond dropped to below 1.45% today before recovering slightly to 1.464%, which represents a new closing low for the U.S. bond. This … moreComments Off on With Record-Low Annuity Rates, Now What?
As expected, annuity rates have fallen again, to a new rock-bottom 1.875%. This continues a three-year continuous decline from almost 5% in early 2008 to under 2% this month. And given the historically low rates on U.S. treasury bonds in general (annuity rates tend to track U.S. treasury bonds), there are no signs that rates will go back up again anytime soon. The latest low continues what has been a 20+ year trend in declines in the TSP annuity rates. … moreComments Off on TSP Annuity Rate Falls to a Record Low
Do you ever look back and think, why the heck did I do that? The non-profit National Foundation for Credit Counseling conducted a poll in June that asked, “My biggest financial regret is that I…” Of the 2,205 respondents, the majority – 53% – said they regretted that they habitually overspent, while 18% said they inadequately saved. Ten percent said their biggest financial regret is that they haven’t bought a house, while 5% responded the opposite, saying they regretted having … moreComments Off on Financial Regrets…We’ve Had a Few