The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. Since then we have received numerous questions and wanted to share them specifically as they apply to TSP. Question 1: I’ve heard that the CARES Act is waiving Required Minimum Distributions (RMDs) for 2020. Who does this apply […]
Due to a meaningfully different economic environment related in large part to the impact of the global COVID-19 pandemic, as well as the nomination of three new Federal Retirement Thrift Investment Board Members, pending further study, the Federal Retirement Thrift Investment Board is delaying the implementation of the I Fund benchmark change to the MSCI […]
Social Security Outlook Makes TSP All the More Important. Can we count on Social Security in the future? This question is related to the Thrift savings Plan because, if we can’t count on Social Security, we will need more income coming from sources such as the TSP and IRAs. For the last two years, the […]
The spread of COVID-19 sent stocks tumbling, as the health and economic costs of the pandemic continue to mount. U.S. MARKETS The spread of COVID-19 sent stocks tumbling, as the health and economic costs of the pandemic continued to mount. The Dow Jones Industrial Average dropped 13.74 percent, while the Standard & Poor’s 500 Index […]
We have witnessed some extraordinary moves in the financial markets during the past few trading sessions. In recent days, the Standard & Poor’s 500 index has fallen by over 7 percent more than once. Ongoing concerns over the possible economic slowdown stemming from the coronavirus are prompting traders to reprice financial assets.1 For many, things […]