Monthly Archives: February 2013
Demographers comparing the lifespans of hunter-gatherers to lifespans in the modern era recently reported that the average 30-year-old hunter-gatherer had about the same odds of dying as a Swedish or Japanese man faces at age 72. Media promptly declared that “72 is the new 30,” and posted pictures of famous septuagenarians such as Chuck Norris, Al Pacino, and Raquel Welch – all extremely healthy and active. The reports hinted at the enticing prospect of living much longer than we currently … moreComments Off on If 72 is the New 30, Is 150 the New 70?
In the irony of all ironies category, this week is designated “America Saves Week.” From February 25 to March 2, prepare to hear all about “saving.” This same week is also designated “Military Saves Week.” Last year at this time, TSP administrators marked the occasion by issuing posters announcing the new “Roth TSP” option that was ultimately opened to investors in staged phases beginning in May. Unlike last year — issuing Bulletin 12-4 and a series of posters and videos … moreComments Off on ‘America Saves Week’ Begins February 25
The TSP stock funds have been on a tear recently, rising on average between 7% and 11% over the past three months. Another development, however, points to the underlying strength of the companies that make up the S&P 500 and the C Fund. S&P Dow Jones Indices – the group that oversees the S&P 500 index – noted that the number of companies that have been paying out dividends has steadily risen since the recession. By the end of 2012, … moreComments Off on C Fund Parties Like It’s 1999
The Department of Defense (DoD) formally announced plans to furlough a majority of its civilian employees as part of the spending cuts necessitated by sequestration. The Secretary of Defense sent the following message to the workforce yesterday, saying that he had officially starting the furlough process by notifying Congress as required by law: “Today, I notified Congress that furloughs could occur under sequestration. I can assure you that, if we have to implement furloughs, all affected employees will be provided … moreComments Off on Sequestration and TSP Contributions
Who would’ve thought that the mission to capture or kill Usama Bin Ladin would lead to a debate on the military pension system? This is exactly what has happened following a lengthy interview of “the Shooter” – the Navy SEAL who killed UBL – in Esquire magazine. According to the article, the Shooter recently left the Navy after 16 years of service, with “[n]o pension, no healthcare for his wife and kids, no protection for himself or his family.” This … moreComments Off on Reforming the Military Pension System