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Name:
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Talullahhound
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Subject:
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Treasury is at it again.
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Date:
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3/25/2017 3:58:41 PM
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As most of you know, I am a retired fed. So I am on some notifications when the government is about to make changes. Well, it would seem the Treasury intends to "borrow" money from the G (government securities) fund of the Thrift Savings Plan. The "G" fund is supposed to be the "super safe" place to invest money. Ha!! For me, the TSP was a nice to have and not tied to my pension. So I put all my money into the Stock Fund and later, some in the bond fund. But for current feds, their retirement will be directly linked to how much money they have in their TSP (plus SS, and some tiny piece from the goverment). They get matching funds by the goverhment to their own contributions. But the point is this, people that don't really understand investing and are scared to take a risk, plow their money into the G fund, and now the government has come for it, just like they "borrowed" from SS (and now always talk about how SS is going broke). And a huge number of currently working feds are ticked off to the point to where they are going to shuffle their money off to the bond fund or the stock fund, despite the risk, to keep the govenrment from taking what they have worked for and saved.
Just thought you might like to know what our friendly government is up to. Because we can't control our debt.
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