SS PRIVATIZATION

[TheMailman]

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

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]

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.

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]

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

[TheMailman]

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....?

[Show-me]

I put everything in the G fund and then pick and low point in the market to get in. Its not for everyone you have to watch the market every day.