If you have read what I am about to try and do and like it - for now - just indicate a LIKE on this thread - it started with 31.
Inverse investments, Roth and a whole host of other investment alternatives open-up with a small change of the narrow, antiquated language of the 1986 FERS Act - so long as it can be considered a "retirement risk compatible" investment.
I don't know why Congress so narrowly crafted the Act's language, but so long as it stands, any investment in anything other than a mutual fund based investment with its prohibitive restrictions and costs will likely be held ultra-vires and outside the TSP counsel's power to approve. Inasmuch as the window to a mutual fund doesn't help anything, I don't know why the TSP Counsel even voted for the window option - but I'm glad they did - it made me understand that they are already on our side on this issue.
Congress, in its collective wisdow, inserted the window I believe to allow for future expansion of the TSP retirement system.
A simple change to Act's lanugage; ensure investment are retirement compatible; mimimize brokerage hounding of individual TSP members - and, I believe the next vote would successfully open the window to a tremendously improved TSP retirement fund to all federal employees who can enjoy and directly benefit - if they want it. And, as a bounus, the remaing main partcipants will get the proactive element out of their investment and enjoy even further reductions in their administrative and brokerage costs.
I'm not quite sure how, but I will most likely need eveyones' help on this. You, your collegues - everybody you know that has money in TSP.
Foutunately, Congress already provide the window. Congressman Lynch and other members of the oversight committee have stated they want option window to to be revisted and again put to a vote as an indication that they too want it. And key TSP players, including Executive Director Long and ETAC Chairperson Clifford Dailing likely voted (twic) for opening the window option.
This time, we will be pushing with the system that apparently wants to help us, instead of against them - for an alternative works.
NSurf9
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