nasa1974's Account Talk

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Great start to July. But is the right or left shoe going to drop? Short trading week. How will it end?
 
This is from Govexec.com.

Almost Everyone Agrees It’s Time to Overhaul the Federal Pay System
By Eric Katz July 15, 2014 56 Comments

Almost Everyone Agrees It

"From Democrats to Republicans and administration officials to independent auditors, everyone seems to agree the current General Schedule pay system is extremely outdated and an overhaul of federal employees’ compensation is in order."
 
More from Govexec.com

TSP Officials Want You to Know the Consequences of Tapping Your Account for a Loan - Pay & Benefits - GovExec.com

TSP Officials Want You to Know the Consequences of Tapping Your Account for a Loan
By Kellie Lunney July 16, 2014 3 Comments

"The board that manages the Thrift Savings Plan wants federal employees who tap their TSP accounts for loans to know the score.

The Federal Retirement Thrift Investment Board put together a three-minute public service announcement on YouTube to educate enrollees on the risks of borrowing against their retirement funds."
 
From Govexec.com

I thought the comments were more interesting than the article.

House OKs Bill Allowing 1 Percent Pay Raise, Despite Obama Veto Threat - Pay & Benefits - GovExec.com

House OKs Bill Allowing 1 Percent Pay Raise, Despite Obama Veto Threat
By Eric Katz July 16, 2014 38 Comments

"A spending bill that would pave the way for a 1 percent, across-the-board pay raise for federal employees, but would also dramatically slash funding for the Internal Revenue Service and other agencies, cleared the House Wednesday in a mostly party-line vote."
 
From Govexec.com

Are You Afraid of Outliving Your Money?
By Tammy Flanagan July 17, 2014 1 Comment

Are You Afraid of Outliving Your Money? - Retirement Planning - Pay & Benefits - GovExec.com

"One of the concerns I hear in my seminars over and over again is not having enough money to live on in retirement. During the first part of my seminars, we discuss the value of the government retirement benefit under either the Civil Service Retirement System or the Federal Employees Retirement System, and then most people feel somewhat better—especially the people who didn’t know they had a government retirement benefit."
 
nasa1974 said:
From Govexec.com

Are You Afraid of Outliving Your Money?
By Tammy Flanagan July 17, 2014 1 Comment

Are You Afraid of Outliving Your Money? - Retirement Planning - Pay & Benefits - GovExec.com

"One of the concerns I hear in my seminars over and over again is not having enough money to live on in retirement. During the first part of my seminars, we discuss the value of the government retirement benefit under either the Civil Service Retirement System or the Federal Employees Retirement System, and then most people feel somewhat better—especially the people who didn’t know they had a government retirement benefit."
Click to expand...
I feel very blessed to have the pension our government gives us. So many people are defendant solely on savings. Yes, you can do better on your own but you can do worse too. I wouldn't trade my FERS pension for anything. I'm glad I have TSP too but my pension is my peace of kind that I will never have to worry about running out of money.
 
clester said:
I feel very blessed to have the pension our government gives us. So many people are defendant solely on savings. Yes, you can do better on your own but you can do worse too. I wouldn't trade my FERS pension for anything. I'm glad I have TSP too but my pension is my peace of kind that I will never have to worry about running out of money.
Click to expand...
The pension that FAA employees, and the like, have is all the more sweet. 1.7% on the first 20 years. Nice benefit, if you can get it.
 
If CSRS and Social Security goes bankrupt I'm in trouble, in fact all of us will be in trouble.
 
This won't last for long, but I have posted more than Norm. :D:D:D

[h=3]
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Last 24 Hours Top Poster(s)[/h] nasa1974 (18) , nnuut (13) , Buster (11) , ravensfan (9)
 
nnuut said:
Oh HELL how can this be? Oh I was in the pool drinking a few cool ones, about 2 hours, that explains it!:D
Click to expand...

I'm not sure if I'm jealous because you were in the pool or having a few cool ones. :laugh:
 
It's a tradition of mine, relaxes my mind, just me, the cool water and classic rock music! Oh and the drinks!:laugh:
 
Well the "S" fund gave back what it took away yesterday. Now I just need to make up about 2.2% to get back to zero for the month. Well I can dream can't I??? :cheesy:
 
OK folks it's been a great day. Have a great weekend and I'll try to get on tomorrow. Peace!!!!
 
Here are the numbers for August courtesy of Govexec.com.

Historically August hasn't been a good month for the "C" and "I" funds since 2000. However, the "S" fund has done alright. Since 2000 the "F" fund has outperformed all the funds. But three out of the last four Augusts have been really bad for the CS&I funds loosing about 10% since 2010.

Good luck all.



View attachment TSP August Returns.1.xls
 
Wow!!! I fell all the way down to page 3.


YIPEE!!!!!! I made money today. At least one day of euphoria before reality hits next week.
 
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