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28 September 2010

FedSmith.com: Keeping Perspective: The TSP and Your Retirement Future

FedSmith.com Logo - click to go to FedSmith.com home page September 28, 2010
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Daily Headlines for September 28, 2010

Keeping Perspective: The TSP and Your Retirement Future
Congress is considering changes to your TSP. How should this impact your retirement investment decisions?
Posted: 9/28
RELATED HEADLINES:

Congress Prepares to Punt and Start Campaigning Until Fall Elections
Congress is deadlocked over virtually every major issue still pending including a detailed federal spending plan. Chances are they will approve a stopgap budget and vote on extending the Bush administration tax cuts and then go home.
Posted: 9/28

Stimulus Hiring, Contracting Called Out at Dept. of Energy
The Energy Department pre-selected a contract employee in its Office of Energy Efficiency and Renewable Energy and may have given that senior official inappropriate influence on contracting decisions, according to the agency's inspector general. "A memo justifying the employee's federal appointment describes the contractor as the selection official's 'deputy' who was already responsible for the unnamed program's operations."
Posted: 9/28
RELATED HEADLINES:

Closing Office Symbolizing Corruption
The Lakewood, CO office of the former Minerals Management Service, a scandal-plagued poster child of government corruption, will disappear Friday. There is no official ceremony or a sign rechristening it the Office of Natural Resources Revenue.
Posted: 9/28
RELATED HEADLINES:

10,000 Employees Get Secret Clearances
The new head of the Transportation Security Administration says he's giving 10,000 of the agency's employees access to secret intelligence information to better enable them to detect threats and stop terrorists.
Posted: 9/27

NASA Showdown
The American space program was thrown into turmoil when President Obama decided to end the agency's follow-on moon program. With more than 1,500 space shuttle workers facing layoffs this week, legislators say they will take a final shot at passing a blueprint for the space program before adjourning.
Posted: 9/28

Not Guilty But Career and Personal Finances Damaged
A judge had a warning for the Justice Department lawyers who accused Army Lt. Col. Robert Morris of conspiring to steal military supplies: The case could be "ill-advised." The judge's prediction was right but by then his career had derailed. His parents had mortgaged their home to help with $250,000 in legal bills. He had drained his own savings.
Posted: 9/28

State and Local Tax Increases Impacting National Elections
A recent rise in state and local taxes is roiling voters in an already tumultuous year, complicating the debate over whether to extend Bush-era tax cuts and upending some campaigns.
Posted: 9/28

Losing Confidence in Government
A record-low 36% of Americans have a great deal or fair amount of trust and confidence in the legislative branch of government, down sharply from the prior record low of 45% set last year. A new poll finds that confidence in the legislative branch has dropped most precipitiously among Democrats.
Posted: 9/28

Wiretapping and the Internet
The Obama administration is pushing to make it easier for the government to tap into internet and e-mail communications.
Posted: 9/28

Raising 3000 Pounds of Food for Food Bank
The 90 employees of the Maricopa, Arizona USDA/ARS/Arid Land Agricultural Research Center (ALARC) recently completed their 2010 Feds, Farmers and Friends Feed Families Food Drive.
Posted: 9/28

Do You Trust Congress With Your TSP Investment?
How safe are your investments in the TSP? It is a model program for retirement, according to some experts, but keep a close eye on it. Some in Congress see a better way to invest your money--and, perhaps, a way to help out some of their constituents at the same time.
Posted: 9/27
RELATED HEADLINES:

Previous Articles on FedSmith.com

Popular Topics: Mandatory Leave, Death Benefits and Retirement
Which topics interest federal employees the most? Here is a listing of the top articles on our site from the past seven days.

HR 6134: Mandatory Unpaid Leave for Federal Employees
The purpose of HR 6134 is: "To provide for a 10 percent reduction in pay for Members of Congress, to make Federal civilian employees subject to a period of mandatory unpaid leave, and to reduce appropriations for salaries and expenses for offices of the legislative branch, during fiscal year 2011, and for other purposes."

Cows, People and Flying - A Second Look
Ralph found on a recent experience with airline travel that some people will develop a herd mentality in crowded situations. Another FedSmith author gives his take on the situation.

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Daily TSP Rates

For September 27, 2010
  Close Change YTD
G $13.4108 +0.0023 +2.22%
F $14.4045 +0.0515 +8.02%
C $13.7399 -0.0781 +3.95%
S $18.2029 -0.0548 +10.58%
I $18.8104 +0.0322 +1.47%
L 2040 $16.4229 -0.0335 +5.04%
L 2030 $16.1966 -0.0290 +4.76%
L 2020 $15.9827 -0.0228 +4.32%
L 2010 $15.7027 -0.0055 +3.17%
L Income $14.3321 -0.0050 +3.25%

More TSP Rates and Info are available at the TSP Corner

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