Re: Any Advice Appreciated
Any answer will be speculation because none of us know what the market will do or when it will recover.
At your age you need to be very careful in this market. First if it was me, I would delay my retirement until the economy comes out of this nightmare and that may take a few years. Inflation is coming and that means COLA. More jobs will be lost and that means more time to recover. Some of the crooks on CNBC are crying because the savings rate is going up and people are not pissing away their money fast enough to suit them and that mean more time to recover.
Hang tight is your only TSP option after all this is the biggest financial crisis since the Great Depression and it ain't over yet.
The best 1 year CD rate is GMAC at 3.75% and the G fund is 2.75%.
It is not sexy, but I say hang in the G fund. It is safe.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
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