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Thread: The Govt is monkeying with our savings again

  1. #85

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    Red face re: The Govt is monkeying with our savings again

    This time too, they are promising to repay it

    How scheduled the unexpected has become. Kinda like the ordinary extraordinary. Kinda looks like business as usual for Obama, eh...
    Lookin' up at the 'G Fund'!!!

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  3. #86

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    Default re: The Govt is monkeying with our savings again

    Just a reminder- once again the government has run out of "debt limit" and is using the "G" fund to finance the entire government right now.



    G Fund and the Debt Limit — (March 18, 2015) As of yesterday, March 17, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the Federal debt. However, G Fund investors remain fully protected, and G Fund earnings are fully guaranteed by the Federal Government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected. To learn more, visit “The G Fund and the Debt Limit.”



    Are you feeling safe and secure?

    (Congress, get your act together and pass a debt limit increase...)



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  5. #87

    Default re: The Govt is monkeying with our savings again

    Quote Originally Posted by James48843 View Post
    Just a reminder- once again the government has run out of "debt limit" and is using the "G" fund to finance the entire government right now.




    Are you feeling safe and secure?

    (Congress, get your act together and pass a debt limit increase...)


    [/FONT]
    So, by heaping more debt on younger Americans, this is saving all of us? I'm with you on the point of keeping their hands off of G fund. However, I'm not a fan of raising the debt ceiling. Take a look at your personal checkbook and your personal budget (if you have one). When you run out of money in your account, does the bank keep putting money into it?

    No, it doesn't.

    Frank

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  7. #88

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    Default re: The Govt is monkeying with our savings again

    Quote Originally Posted by Lakebound View Post
    So, by heaping more debt on younger Americans, this is saving all of us? I'm with you on the point of keeping their hands off of G fund. However, I'm not a fan of raising the debt ceiling. Take a look at your personal checkbook and your personal budget (if you have one). When you run out of money in your account, does the bank keep putting mney into it?

    No, it doesn't.

    Frank
    Ok, that's fine and dandy going forward. Where we are now: No money.

    What do you suggest for right now if no increase?
    Last edited by userque; 04-14-2015 at 09:40 AM. Reason: syntax
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  9. #89

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    Default re: The Govt is monkeying with our savings again

    Quote Originally Posted by James48843 View Post
    (Congress, get your act together and pass a debt limit increase...)
    Wish USAA would do that so I can upgrade my plane tickets to Portland to First Class and everyone else could pay for it The Govt is monkeying with our savings again


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  11. #90

    Default re: The Govt is monkeying with our savings again

    Quote Originally Posted by userque View Post
    Ok, that's fine and dandy going forward. Where we are now: No money.

    What do you suggest for right now if no increase?
    My suggestion would be either to allow more IFT's Paid or free, real time IFT's paid or free or for the TSP Board to find another suitable investment vehicle. Perhaps change TSP partially to allow the purchase of other investments.

    But raising the debt ceiling (again?), how many times are we going to go to that well before you hit dust? And if that happens, you can kiss all of your TSP and investments goodbye because they will take it all.

    You would think that they would want us to make money in retirement. That way they could sell their idea of forcing newer employees to contribute more to their own pensions. It would make TSP more appealing IMO.

    Frank


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  13. #91

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    Default re: The Govt is monkeying with our savings again

    Quote Originally Posted by Lakebound View Post
    My suggestion would be either to allow more IFT's Paid or free, real time IFT's paid or free or for the TSP Board to find another suitable investment vehicle. Perhaps change TSP partially to allow the purchase of other investments.

    But raising the debt ceiling (again?), how many times are we going to go to that well before you hit dust? And if that happens, you can kiss all of your TSP and investments goodbye because they will take it all.

    You would think that they would want us to make money in retirement. That way they could sell their idea of forcing newer employees to contribute more to their own pensions. It would make TSP more appealing IMO.

    Frank
    ?

    This will address the current and immediate debt/looming-gov't-shutdown issue?
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  15. #92

    Default Re: The Govt is monkeying with our savings again

    Quote Originally Posted by userque View Post
    ?

    This will address the current and immediate debt/looming-gov't-shutdown issue?
    Did you ask me to address the so-called "looming government shutdown issue"? I didn't read that. And I fail to see how stealing from my G fund or any other TSP account has anything to do with that issue.

    Frank

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  17. #93

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    Default Re: The Govt is monkeying with our savings again

    Quote Originally Posted by userque View Post
    Ok, that's fine and dandy going forward. Where we are now: No money.

    What do you suggest for right now if no increase?
    'Increase' refers to the debt limit increase someone mentioned...to keep them out of the G-Fund right now.

    Quote Originally Posted by Lakebound View Post
    My suggestion would be either to allow more IFT's Paid or free, real time IFT's paid or free or for the TSP Board to find another suitable investment vehicle. Perhaps change TSP partially to allow the purchase of other investments.

    But raising the debt ceiling (again?), how many times are we going to go to that well before you hit dust? And if that happens, you can kiss all of your TSP and investments goodbye because they will take it all.

    You would think that they would want us to make money in retirement. That way they could sell their idea of forcing newer employees to contribute more to their own pensions. It would make TSP more appealing IMO.

    Frank
    As you do again here; you previously answered the 'long term' question, not the 'what do you suggest for right now' question.

    But it's not really important.
    Last edited by userque; 04-14-2015 at 07:51 PM. Reason: syntax
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  19. #94

    Default Re: The Govt is monkeying with our savings again

    Quote Originally Posted by userque View Post
    'Increase' refers to the debt limit increase someone mentioned...to keep them out of the G-Fund right now.



    As you do again here. You previously answered the 'long term' question, not the 'what do you suggest for right now' question.

    But it's not really important.

    I think I'm done here. Because if I knew the answer to that question, I wouldn't be worried about 3 IFT's a month and paying for Premium services to help me manage my retirement funds.

    Good night,

    Frank

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  21. #95

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    Default Re: The Govt is monkeying with our savings again

    Quote Originally Posted by Lakebound View Post
    I think I'm done here. Because if I knew the answer to that question, I wouldn't be worried about 3 IFT's a month and paying for Premium services to help me manage my retirement funds.

    Good night,

    Frank
    uhhh...got it
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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