Category: TSP Strategies
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
While it is easy to get excited about the positive performance of the TSP stock funds and lifecycle funds of late, other issues such as sequestration and the end of the current continuing budget resolution are just weeks away. Sequestration is due to take effect at the beginning of March. On Sunday, the chairman of the House of Representatives Budget Committee said he thought “the sequester is going to happen.” Readers of this forum know first-hand how agencies are scrambling … moreComments Off on Back To Basics
While open season for CFC began in September, open season for health care begins next month on November 12th. Among the options for paying eligible health care expenses for the coming year, you can plan to pay by using either a Flexible Spending Account or by using a Health Savings Account. Both use pre-tax dollars to pay for medical expenses and thus save your family money, but they differ in several significant ways. The Flexible Spending Account (FSA) was created … moreComments Off on For Open Season, Do You Prefer an FSA or HSA?
Ever noticed how many of the memorable market declines have taken place in September or October? The great crash of 1929 began as a slow slide in September, and in mid-October the crash hit in earnest. By mid-November the U.S. stock market had fallen by almost half. On October 19, 1987, the S&P 500 fell over 20% in one day. 2002 began with the S&P 500 at over 1,165, but it fell to 785 on October 7 before recovering some … moreComments Off on Markets and the Presidential Election Year Cycle
One of my favorite films is “Pulp Fiction.” The Quentin Tarantino movie resurrected John Travolta’s career and further elevated the career of the young Uma Thurman. In one major plot line, hitman Vincent Vega – John Travolta – is charged with entertaining the wife of his mob boss while he is out of town. The wife, Mia Wallace (Uma Thurman), is easily bored and flirtatious, an obviously dangerous combination in a mob family. Having heard the rumors of what happened … moreComments Off on The Pulp Fiction Fed And Your TSP