Hey folks this might be a wake up call. Some interesting stuff in this article. The 2019 budget wants to screw big time with the "G" fund
From Govexec.com
Government News, Research and Events for Federal Employees - GovExec.com
White House Budget Plan Praises the TSP, Then Cuts It
By Erich Wagner February 16, 2018 145 Comments
White House Budget Plan Praises the TSP, Then Cuts It - Pay & Benefits - GovExec.com
"Although President Trump’s fiscal 2019 budget request touts the popularity and success of the federal government’s 401(k)-style retirement savings program, policies in the fiscal roadmap would significantly reduce the Thrift Savings Plan's effectiveness..."
Here is a scary quote;
"Weaver said in an email. “More than 3.6 million TSP participants (69 percent) have all or some of their account balance invested in the G Fund. Of those with money in the G Fund, 2 million (39 percent) hold the G Fund as their sole investment choice.”
From Govexec.com
Government News, Research and Events for Federal Employees - GovExec.com
White House Budget Plan Praises the TSP, Then Cuts It
By Erich Wagner February 16, 2018 145 Comments
White House Budget Plan Praises the TSP, Then Cuts It - Pay & Benefits - GovExec.com
"Although President Trump’s fiscal 2019 budget request touts the popularity and success of the federal government’s 401(k)-style retirement savings program, policies in the fiscal roadmap would significantly reduce the Thrift Savings Plan's effectiveness..."
Here is a scary quote;
"Weaver said in an email. “More than 3.6 million TSP participants (69 percent) have all or some of their account balance invested in the G Fund. Of those with money in the G Fund, 2 million (39 percent) hold the G Fund as their sole investment choice.”