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GovernmentExecutive.com

From Nextgov.com: White House gets tough on ID card reader requirements
http://www.govexec.com/story_page.cfm?articleid=47047&oref=todaysnews

Tea partier wants to scrap Energy Department
http://www.govexec.com/story_page.cfm?articleid=47045&oref=todaysnews


Probe, probed: Office of Special Counsel under attack
http://www.govexec.com/story_page.cfm?articleid=47044&oref=todaysnews


SEC chair says agency's frozen budget is hurting its core mission
http://www.govexec.com/story_page.cfm?articleid=47046&oref=todaysnews
 
From our friends at the FRTIB.


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Plan News and Announcements

Plan News was updated on February 2, 2011.


IRS Form 1099-R — Last month, the TSP mailed IRS Form 1099-R to participants who received withdrawal or other taxable distributions during 2010. If you have not received it by mid-February, you can print out a copy from My Account. Corrected Forms 1099-R will be issued late February/early March and will also be available from My Account.


L 2050 Fund opens — The new Lifecycle Fund, the L 2050 Fund, opened on January 31, 2011. Visit Lifecycle Funds to see how L 2050 Fund investments are allocated among the five TSP funds.


Fourth quarter 2010 participant statements — Your fourth quarter 2010 participant statement, covering October 1 through December 31, is available in My Account.


Annual TSP participant statements — This month, the TSP will mail annual statements to participants who did not opt out of receiving them. They will also be posted in My Account. (Look for an announcement on the home page when the statements are available online.) Also look for the new feature on your statement—the TSP Lifetime Payment—which gives you an estimate of how much your end-of-2010 account balance would give you in a monthly amount at age 62.


2011 monthly payments — If you requested a change in the amount of your 2011 monthly payments, it should have been reflected in your January payment. If it was not, call the toll-free ThriftLine (1-877-968-3778) and press 3 to speak to a TSP service representative. Callers outside the U.S. and Canada should call 202-233-4400 (not toll free).


IRS contribution limits for 2011 — You may contribute up to $16,500 in tax-deferred money to the TSP in 2011. If you are a member of the uniformed services, you may contribute a total of $49,000 in tax-deferred and tax-exempt money. If you will be age 50 or older during 2011, you may also contribute up to $5,500 in additional “catch-up” contributions if you expect your 2011 tax-deferred contributions to reach the $16,500 limit.


Tax Credit — You may be eligible to claim the Retirement Savings Contributions Credit if your modified adjusted gross income for 2010 is not more than $55,500 if married filing jointly, $41,625 if head of household, or $27,750 if you are single or married filing separately, or a qualifying widow or widower.
 
WorkFE said:
I suppose that is the Sentiment Survey caravan not the IT train.
Click to expand...

In January we had 2 big S fund "trains" but they have broken up into around 4 smaller sections. I guess some are sentiment and the one up highest is likely the S buy&hold folks.

what was the lowest S group is above my level now. Rock on dudes! Some profit taking is around the corner, no doubt.
 
This is just an observation and has nothing to do on how we invest our money.

There are currently 676 of us on the tracker, 644 are above zero. The way the stock market is moving around let's hope all of us are above zero sooner than later and adding to our retirement comfort zone.

Good Luck everybody.
 

GovernmentExecutive.com

Feds rally against becoming scapegoats for fiscal woes
http://www.govexec.com/story_page.cfm?articleid=47057&dcn=todaysnews

Lawmakers take stand against new TSA bargaining privileges
http://www.govexec.com/story_page.cfm?articleid=47053&oref=todaysnews

Shutdown rhetoric carries risk, reward

http://www.govexec.com/story_page.cfm?articleid=47050&oref=todaysnews


From Nextgov.com: FEMA will use social media through all stages of a disaster
http://www.govexec.com/story_page.cfm?articleid=47055&oref=todaysnews


Air Force general: Aging tankers wasting fuel
http://www.govexec.com/story_page.cfm?articleid=47052&oref=todaysnews

Watchdog corrects report on improper political activity
http://www.govexec.com/story_page.cfm?articleid=47051&oref=todaysnews
 

GovernmentExecutive.com

SBA chief signals 2012 budget will eliminate some programs
http://www.govexec.com/story_page.cfm?articleid=47065&oref=todaysnews

House Republicans pace their rollout of regulatory review
http://www.govexec.com/story_page.cfm?articleid=47064&oref=todaysnews

House GOP releases list of proposed cuts
http://www.govexec.com/story_page.cfm?articleid=47062&oref=todaysnews

USPS down $329 million so far in fiscal 2011
http://www.govexec.com/story_page.cfm?articleid=47063&oref=todaysnews

Senate Dems play waiting game on continuing resolution
http://www.govexec.com/story_page.cfm?articleid=47059&oref=todaysnews

House fails to pass PATRIOT Act extension
http://www.govexec.com/story_page.cfm?articleid=47060&oref=todaysnews
 
Interesting finish to the market. As crazy as the market was it jumped me into the top 50 on the tracker (31). Of course I will not be there for long, the 100% S-funders are right behind me. :D

Good luck everyone.
 
Well the 100% S-funders are going to pass me up tonight. That will kick me back about 30 positions. :suspicious:

Two good things though. I am still positive and close to 6% and I am just ahead of Birch. :nuts:
 
Yep! Those S-funders roared right past me. Most of them at 6.00% and I am at 5.96% tied with BigJohn. :D The top 10 has changed and that makes the end of the month winners an interesting race. :nuts:
I'm still at 60% S and 40% C and have fallen to 45 on the Tracker. I'm surprised I am still in the top 50. Of course all those 100% S-funders are tied for the same spot so that puts BigJohn and myself tied at 12. :laugh: Another crazy day. Next week should add to the confusion. Have a great weekend everyone.
 
Looks like another roller coaster ride today. Add a little extra glue to those sticky pants and make sure the safety bar is down and locked into place.
 
:)
nasa1974 said:
Looks like another roller coaster ride today. Add a little extra glue to those sticky pants and make sure the safety bar is down and locked into place.
Click to expand...

Believe you're right NASA! G forces are going to accelerate in the next two weeks!:( I crack myself up.:)
 
 
On the Auto Tracker, out of the top 50 only 8 members are not 100% S-funders. Going to be tough to choose the top 10 YTD with 31 members tied at 6.55% so far. :D
 
Well the top 100 on the Auto Tracker is starting to tighten up. Especially 16 to 100. There is less than 1/2 percent seperating these members with more than half 100% S. It is going to be interesting claiming bragging rights. :D

Good luck today everyone.
 
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