Re: Future of TSP Supplememntal
Hey Nnuut,
Both CSRS and the FERS pensions are in the same boat. Neither is funded except by loaning money to a debtor that continuously rolls over their accruing balance!!!
Anyone want to invest in that?
My best guess is that both Social Security and our pensions will take a 25% haircut. Even if we - via our chosen representatives - act now it is probably too late to fund the full promise of both programs. However, if we and America make some hard financial decisions we can reduce the haircut on both - not to mention Medicare - to some extent. As they say in finances 'Time is Money'. We have no time. Soon we will have to make spending decisions no politician wants to make. Will they pay out Social Security or Federal pensions? Will they fully fund Medicaid or Social Security? How much can we take out of DoD active duty, retirement, and medical funding? Those choices were much easier a while back. They are getting much harder now.
For me, if they jack my taxes up I will use pre-tax contributions and other means to drop my taxes to the current level. I have done so in the past and see myself doing it again in the future
Lookin' up at the 'G Fund'!!!
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