SS PRIVATIZATION

**TheMailman** · 02-06-2005, 07:03 PM

currently have 3 % of my pay going to TSP + 1% automatic, thats 4%, if social security goes private , would I be better of increasing my tsp to 8 % ? And will I have to volunteer to get in the social program when It comes out, I feel safer in my tsp beucase I will have the option to alocate my funds as I please but iguessing that I will lose more in theprivatization of SS and will feel like im have 2 TSP accounts one i mangage and 1 i dont

#2 · 02-06-2005, 07:19 PM

TheMailman wrote:

currently have 3 % of my pay going to TSP + 1% automatic, thats 4%, if social security goes private , would I be better of increasing my tsp to 8 % ? And will I have to volunteer to get in the social program when It comes out, I feel safer in my tsp beucase I will have the option to alocate my funds as I please but iguessing that I will lose more in theprivatization of SS and will feel like im have 2 TSP accounts one i mangage and 1 i dont

They're still debating the Social Security issue. Who, when, where, how much, etcstill have tobe worked out.

IMHO,since TSP is a good idea, and has tax benefits, it's always best to max it, if you are able to.

**Show-me** · 02-06-2005, 10:21 PM

Mailman,

At 3% you are missing out on some automatic agency contributions. You should be at 5% to take full advantage of the matching funds.

#4 · 02-07-2005, 03:57 AM

Mailman,

Are postal workers in FERS just like regular federal workers or do ya'll have an additional retirement plan for just postal workers?

Thanks

**Show-me** · 02-07-2005, 04:14 AM

If I may. All new Postal Employee's are under FERS.

**TheMailman** · 02-08-2005, 12:30 AM

YEs we are in Fers, I will go to 6% this open season in Aprill to increase my contributions, any idea on my pay allocatio which is 100% in S fund every 2 weeks? Should I consider moving it to g fund? Ideas anyone....?