The Treasury Department has said that starting this week it will “disinvest” the TSP’s government securities G fund as part of financial maneuvers to avoid hitting the debt ceiling. In disinvestment, the Treasury in effect takes the G fund off the government’s books as debt owed, freeing up an equivalent amount of money. In a […]
The Treasury Department will have to resort to “extraordinary measures” to prevent the U.S. government from defaulting on its obligations if lawmakers in Washington do not soon raise the statutory debt limit, Treasury Secretary Janet L. Yellen said Friday in a letter to congressional leaders. The extraordinary measures include suspending reinvestment in the $748.1 billion […]
Stocks rallied last week thanks to fresh confirmation of inflation’s cooling trend and growing optimism that an inflation slowdown may provide the Fed with space to ease up on future rate hikes. The Dow Jones Industrial Average gained 2.00%, while the Standard & Poor’s 500 advanced 2.67%. The Nasdaq Composite index surged 4.82% for the […]
If you’re a government worker with a Thrift Savings Plan (TSP) from your employer, congratulations! With low management fees to matching contributions, you have one of the best investing tools available. You can prepare well for a comfortable retirement by contributing to your account. However, you have a choice: deposit to a traditional or Roth […]
The “SECURE Act 2.0” would change the age for required minimum distributions (RMD) from the TSP and require catch-up contributions to be Roth contributions. Most readers and investors in the Thrift Savings Plan (TSP) have probably never heard of the Securing a Strong Retirement Act of 2021 (H.R. 2954), dubbed the “SECURE Act 2.0.” But, […]