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Thread: Valkyrie's Account Talk

  1. #457

    Default Re: Valkyrie's Account Talk

    is it time to close out my TSP account? And How to I go about closing out my account? I'm retired and over 60.

    https://www.fedsmith.com/2021/10/26/...illion-in-tsp/

    The TSP has about $795 billion in assets. Politicians are using a variety of ways to be able to change the TSP to use the money in pursuit of political objectives.

    Her latest effort is seeking “to coordinate an effort to go after one of the biggest pots of money in the country: the federal Thrift Savings Plan, or T.S.P., which is where millions of federal employees sock away their retirement accounts.” As the article urges President Biden “to use the executive powers he has to divest the T.S.P.” of fossil fuels, the efforts of interest groups were successful as the president issued his Executive Order shortly after the article appeared.
    President Biden’s Executive Order on climate change assumes climate change will harm TSP investments. The Executive Order concerns “the global shift away from carbon-intensive energy sources and industrial processes present(ing) transition risk…. ” (Also see Saving the Planet with the TSP)
    In addition to the Executive Order, the Government Accountability Office (GAO) was brought in to seek changes at the TSP. The GAO recommended:
    The Executive Director of the Federal Retirement Thrift Investment Board, to better inform the Board’s ongoing oversight activities, should evaluate TSP’s investment offerings in light of risks related to climate change.
    The GAO essentially concluded the TSP Board is not paying sufficient interest in climate and is out of step with what needs to be done. According to GAO, “Given the systemic and unprecedented risk that climate change is expected to have on global financial markets, GAO continues to believe that it is important for FRTIB to evaluate TSP’s investment offerings for these risks.”
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  3. #458

    Join Date
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    Default Re: Valkyrie's Account Talk

    This reminds me of how many on the left complained over the years about the Amazon's, Exxon Mobil's, WalMart's, and Google's of the world, but never would have achieved their level of wealth without them.

    Divest TSP of fossil fuels you'll be lucky to be left with an S&P 15.

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  5. #459

    Join Date
    Mar 2013
    Location
    Bloomington, Indiana
    Posts
    322

    Default Re: Valkyrie's Account Talk

    go to 1min 35 seconds. https://youtu.be/3SMXp0ztVIQ


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  7. #460

    Default Re: Valkyrie's Account Talk

    100S COB. following the leader. wanted to get back in before the 1st, but was out of moves thanks to the corrupt tsp and blackrock
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  9. #461

    Default Re: Valkyrie's Account Talk

    this has been brought up off and on for the past few yrs. when/if they go to negative interest rates, that means we would have to pay the bank to hold our money. wonder if that would be a tax write off?

    https://www.marketwatch.com/story/yo...?siteid=yhoof2
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  11. #462

    Default Re: Valkyrie's Account Talk

    went 50C 50S on 11/29 thanks to the corrupt tsp I had to weather the loss of money since I only had one move avail for the month. the corrupt TSP has cost me at least 100k over the yrs by restricting my movements of my money.
    Last edited by Valkyrie; 11-30-2021 at 10:14 AM.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  13. #463

    Default Re: Valkyrie's Account Talk

    100G COB for a few days
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  15. #464

    Default Re: Valkyrie's Account Talk

    back in to end of the yr

    100S cob
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  17. #465

    Default Re: Valkyrie's Account Talk

    Zulauf: “I think what started in March 2020 was the beginning of the fourth (bull market) cycle since 2009…and if you look at market cycles—if the past is a precursor to the future—about every seven years or so, you have a top: 1987, 1994, 2000, 2007, 2015, and 2022 would be the next one.”

    So, it's very possible and conceivable that when we have usually a 10% correction, all of a sudden, it could trigger a 20 - 30% correction. And therefore, I think the first half of the year, will most likely show a very serious correction. And that could shake the authorities. And instead of the interest rate hikes that the Fed has been forecasting, I think they will rather turn around and stimulate again around the middle of the year, when the correction in the market arrives. And that should give us the next run-up to new highs. So, I could see equity indices, declining 30%, and then go up 100% to the Peak in 2024.
    https://www.financialsense.com/blog/20147/felix-zulaufs-macro-outlook-2022
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  19. #466

    Default Re: Valkyrie's Account Talk

    50C 50I COB no santa rally in s fund disappointing.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  21. #467

    Default Re: Valkyrie's Account Talk

    50C 50S cob last move for the month. corrupt tsp board members Go Brandon
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  23. #468

    Default Re: Valkyrie's Account Talk

    So is it true that any withdraw from the TSP account gets federal tax taken out even though I'm retired?

    what would be my options? IRA?, Roth?

    thanks for the help.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798


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