Many of our clients have called because the news is blaring that the federal government has maxed out its credit, again. And seem to be using our Thrift Savings Plan to bail them out, again.

So wanted to break it down for you...

Yesterday, instead of having their credit card declined, so to speak, Treasury Secretary Janet Yellen began these "extraordinary measures" that she laid out in this letter to Congress:

1) redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund (CSRDF) and the Postal Service Retiree Health Benefits Fund (Postal Fund), and (2) suspending reinvestment of the Government Securities Investment Fund (G Fund) of the Federal Employees Retirement System Thrift Savings Plan. 

The headlines seem pretty scary, especially if you're like me and don't love that politicians (in 31 TRILLION dollars of DEBT!!!) control my husband's pension, part of our life's savings (his Thrift Savings Plan), Social Security/Supplement and our family's health insurance. 

What's that saying about all your eggs in one basket? 

Don't panic though! They've relied on federal employee retirement funds about a dozen times over the last 40 years and they've always made them whole. 

But, if you've ever thought about moving a few of your eggs to a seperate basket...a basket, by the way, managed by companies that report profits to their shareholders instead of politicians$31 TRILLION in the hole, now might be a good time to visit more about that! 

I've gotta tell ya, this is the first federal debt crisis since we've moved part of Eddy's TSP and I really am sleeping much better through this one!

If you still have questions or concerns, give us a call, email or click here to schedule directly on my calendar.

Take care,

Emilee