Monthly Archives: April 2013
A budget proposal earlier this month raised the possibility of limiting the total amount that can be saved in TSP accounts, along with other tax-preferred accounts such as Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). One of the original, guiding principles of tax-preferred accounts such as the TSP (and including others such as 401(k)s, 403(b)s, and IRAs) is that workers should have the ability to save and invest some of their wages in ways in which wages are … more1 Comment
Posters to mark April as Financial Literacy Month were made available on Friday. Perhaps because there isn’t much going on these days – you know, with sequestration, furloughs, and 20% reduction in pay for many civilian government employees – the poster seems rather perfunctory. Depending on your frame of mind these days, the clock in the poster resembles either the Doomsday Clock or the countdown to midnight as Cinderella rushes away from the ball before her carriage turns back into a pumpkin. (All the … moreComments Off on Five Minutes to Midnight: TSP Posters Mark Financial Literacy Month
The monthly interfund transfer stats for January were just posted on Friday, and based on the numbers, TSP participants appear to have regained their confidence in the stock markets and the TSP stock funds big-time. In January this year, TSP participants transferred a record amount out of the G and F Funds, while they transferred a record amount into the C and S Funds since the beginning of 2007 (when the current transfer data begins). The I fund experienced a … moreComments Off on Sell Low, Buy Higher?