This flies only if we get CSRS retroactively. Also a great way to empty out TSP.
"All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
CSRS sure works for me, but I think the odds of that happening are slim to none. My dad is retired Fed under CSRS and he has no money problems at all. If we could MT out our TSP and put it somewhere else, that's OK, if it works that way. It still smacks of socialism and wealth redistribution, which really stick in my craw.
CB
“Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World
When this one gets to the budget (if it even gets that far) it will die as everyone fights over what gets cut to pay for it. Unless the Dems take a page from W and decide it's emergency non-budget and add it to the Fed Credit Card - which WILL get them kicked out of office.
"All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
Sounds like Social Security II, which would be a huge cash cow to merge into Social Security I, when it starts to go belly up in a few years, They will probably throw in our TSP as well.
"Oh Phooey"
A note; seems not many Liberals posting on this subjest? WHY?![]()
Links Crude Settle$89.90 05-23-2012
-1.76 loss
Good morning Lady,
I take umbrage to the “panites in a knot” comment, just because I’ve had my POSH training recently and now I know when I should feel harassed.![]()
My boxers ain’t so much in a twist, as the audaciousness, of them already deciding how they can reduce our retirement and give it to others. That’s no different than what the FTRIB did, by unilaterally reducing our IFT’s they took our future retirement growth opportunities right out of our hands and this proposal is the same thing.
Something like this will occur in some form and as far as getting CSRS back, I’m afraid that’s just a pipedream that we all would like to see occur. The Gov't in no way will modify our FERS retirement plan, such that it will be advantageous for us. They have to pay for the "Leave no Bank or CEO Behind Bailout".
In reality, the Gov’t can’t afford it, that’s why we were forced into FERS. Shoot the body hasn’t been pronounced dead yet and they are figuring out what body parts to harvest for their pet projects and when that part is my families retirement, then that’s getting just a little presumptuous and anything that hurts me or mine is cause for a fight. And just running this up the flagpole, tells me that our FERs is going to take a hit for the worse, so we’d better prepare on either working longer or retiring on less.
Well back outside to continue putting the farm to bed for the winter.
Enjoy your weekend,
CB
“Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World
Hi CB, thanks for the warm welcome to your home. If I ever harassed anyone they wouldn't have to guess whether it was happening or not!![]()
I always enjoy your comments on a given subject even on the rare times when we don't quite have the same outlook. Good luck with the farm; sounds like hard work and a great feeling of accomplishment when you look back on the day! Take care,
Lady
Hey Lady,
You're more than welcome to visit and speak out anytime out you want. I've always enjoyed your comments, so I hope your workload doesn't get to heavy here, as you mentioned yesterday or so, that ya can't post as often.
And it's my understanding that it's only harassment, if it's unwelcomed.
Yeah I enjoy the work on the farm, it takes my mind off the market and life in general, when it's just me and the dogs out working and goofing off. I look forward to every week.Physical labor doesn't take a lot of brains, just a strong back.
See ya later,
CB
“Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World
CB, I saw this yesterday but needed a serious mental break from thinking about all this. My sentiments are same as Lady's and Silverbirds. I think of myself as an indie, and would definitely roll back that way hard if something like this started gaining any momentum. CSRS ain't comin' back, and I haven't been counting on that 3d leg of the FERS triangle (SS) for some time now, so they better leave me with at least 2 legs left to stand on.
|
S&P 500 (C fund) 1d 5d 3m 6m 1y 2y | Dow Completion (S fund)
| EFA (I fund) 1d 5d 3m 6m 1y 2y | Bonds (F fund)
|
Bookmarks