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If you are associated with the government there are a couple of ways to become a millionaire — legally: Buy a lottery ticket or max out in the Thrift Savings Plan.
The average self-made millionaire had been contributing for 29 years, and more than 64,000 people had account balances ranging from $750,000 to $999,000.
Washington, D.C. area financial planner Arthur Stein joins host Mike Causey on this week's Your Turn discuss how volatility in the U.S. stock market is affecting federal workers' TSP accounts, and whether feds should head for the ‘safety’ of the Treasury securities fund, or stay the course. October 17, 2018
Last week’s $1.3 trillion "paper" loss gave a lot of people the jitters, but this is not an unusual amount of volatility.
The U.S. stock market was down 4.21 percent last week or about $1.3 trillion. If you are invested in the Thrift Savings Plan’s C and S funds, that means you, too.
Last week a reader who plans to retire in 2022 asked for some TSP investing help so we passed the buck to you for the wisdom of the crowd. Here’s what you advised.
During the Great Recession in 2008, thousands of TSP investors pulled money out of the stock market C, S and I funds and put it in the G fund.
Are you a TSP millionaire? If not, what steps can you take to maximize your retirement benefits? Find out this week when Tom O'Rourke, principal at Miles & Stockbridge joins host Mike Causey on Your Turn. September 5, 2018
Whether you get a pay raise or not next January, chances are you are worth more than you think — literally.
Many federal workers have heard that the current record-long bull market can’t last forever. Many of the experts say a 20 percent to even 30 percent drop in the stock market is possible.
The C Fund of the Thrift Savings Plan tracks the U.S. stock market's 500 largest publicly traded funds. The S Fund tracks the remaining 4,500 so-called small caps, although many are far from small.
If you go by averages the stock market is long overdue for a major correction — at least 20 percent, maybe 30 percent or more. During the Great Recession it was down almost 40 percent.
Financial planner Arthur Stein cautions against investing too much of your TSP in the G fund, because of inflation and taxes. You don’t want to see the purchasing power of your TSP account eaten up over time.
Imagine the financial and emotional hangover you would have today if some, most or all of your retirement nest egg had been invested in the Thrift Savings Plan's T Fund? That's "T" for technical stocks.