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14 March 2011

FedSmith.com: Investing in the TSP: Which Strategy Will You Follow?

FedSmith.com Logo - click to go to FedSmith.com home page March 14, 2011
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The Federal Retirement Corner

To get the most use out of the FedSmith site, check out the "news corners" on the site. Here is the Retirement Corner, with all of our original articles on retirement.

Daily Headlines for March 14, 2011

Investing in the TSP: Which Strategy Will You Follow?
There are different TSP investment strategies you may consider. Before you decide how to invest your TSP contributions, you should know the available options and then decide how to invest for your future retirement.
Posted: 3/13
RELATED HEADLINES:

Spousal Survival Annuities and FERS Employees
FERS is not just a single-benefit retirement plan. It is a three-tiered system of retirement benefits. Here are considerations when deciding to leave a spousal survival annuity.
Posted: 3/14
RELATED HEADLINES:

U.S. Probation Worker Racks Up $30,000 in Personal Expenses on government credit card
A Nintendo Wii, DVD players, iPods, cameras, Amazon.com charges, Dicks Sporting Goods purchases, a variety of airfare and even a gazebo were all purchased by a federal employee and made courtesy of the U.S. government, according to federal criminal charges.
Posted: 3/12

President's Path Diverging from Senate Democrats
The political fortunes of Senate Democrats and President Obama are moving in opposite directions, complicating their efforts in the fight over federal spending. "One Democratic Senate aide compared Obamas strategy to the one he used late last year during the fight over extending the George W. Bush-era tax rates."
Posted: 3/14

Another Short Term Budget Fix
By agreeing to a three-week spending bill that would cut $6 billion, lawmakers are kicking the can down the road while they attempt to negotiate a spending plan for the rest of the fiscal year.
Posted: 3/13

Government Reform for Competitiveness and Innovation
The White House is directing the country's first Chief Performance Officer to lead the effort to create a plan for the restructuring and streamlining of the executive branch of the Federal Government.
Posted: 3/12

Little to No Progress in Government Transparency
The Obama administration handled fewer requests for federal records from citizens, journalists, companies and others last year even though many more people asked for information.
Posted: 3/14

Falling Down on the Job
The fiscal year is 162 days old, and the federal government is still operating without a budget. And it doesn't look like one will be arriving anytime soon.
Posted: 3/11

Flying the Friendly Skies...With 10X Expected Radiation from Some Scanners
TSA says it will retest every full-body X-ray scanner that emits ionizing radiation after maintenance records on some of the devices showed radiation levels 10 times higher than expected. But, don't worry, TSA says the records reflect math mistakes and that all the machines are safe--even if the high numbers are accurate.
Posted: 3/12
RELATED HEADLINES:

Charges Filed for Attacking VA Nurse
A woman who held a VA nurse with a headlock and brandished a scalpel near the neck of the nurse said she was in pain and nobody was helping her. A VA policeman got the scalpel away from the patient who is facing a charge of assaulting a federal employee.
Posted: 3/14

End of a Government Career?
State Department spokesman P.J. Crowley is out of a job after criticizing the Pentagon and after angering the White House for comments that he made during the height of the Egyptian crisis.
Posted: 3/13
RELATED HEADLINES:

Negotiating Federal Salary: How Do Negotiated Pay Levels in Agencies Compare to the Average Federal Salary?
Recent articles in the media have indicated that federal employees are not represented by unions that negotiate wages. This is not true as there are agencies in which wages are determined through collective bargaining. Here are a few of these agencies and how the salaries in these agencies compare to the rest of the federal workforce.
Posted: 3/11

Opening Statement on Federal Employee Pay
"The Members of this Subcommittee recognize that our talented federal workforce performs critically essential missions throughout the government, on behalf of our nation. We appreciate their service. Federal employees should be compensated fairly. Yet, current federal salaries and benefits are not in line with the marketplace when compared to private workforce compensation."
Posted: 3/14

Statement from John Berry on Federal Pay
OPM Director John Berry made a statement at the recent Congressional hearing on federal employee pay. The enclosed article contains his complete statement and video from the hearing.
Posted: 3/10

Eleanor Holmes Norton (D-DC) Calls for End of the Attacks on Federal Workers
Rep. Eleanor Holmes Norton (D-D.C.) on Thursday night defended federal workers against Republican efforts to highlight the high salaries and generous benefits of these workers compared with private sector workers.
Posted: 3/11
RELATED HEADLINES:

Previous Articles on FedSmith.com

Questions You Should Ask Your Financial Adviser
The investment decisions you make will have a significant impact on your financial future. Before you choose a financial adviser or an investment product, you should ask questions. Here are some of the questions you should ask.

Amendments Approved as Part of House Bill to Fund Govt. for 2011
The House of Representatives has passed a bill to provide funding for the federal government. Here is a listing of the amendments that were approved as part of this process.

FERS and Your Future Retirement: How Much Will You Receive After Retirement?
How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.

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Daily TSP Rates

For March 11, 2011
  Close Change YTD
G $13.5629 +0.0011 +0.55%
F $14.3169 -0.0022 +0.61%
C $15.8370 +0.1163 +4.13%
S $22.0229 +0.1262 +3.66%
I $20.4390 -0.1029 +2.15%
L 2050 $10.1206 +0.0300 0%
L 2040 $18.3259 +0.0504 +2.92%
L 2030 $17.8482 +0.0434 +2.63%
L 2020 $17.3250 +0.0338 +2.26%
L Income $14.8507 +0.0126 +1.18%

More TSP Rates and Info are available at the TSP Corner

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