Federal Retirement Thrift Investment Board

Campaign: Federal Retirement Thrift Investment Board

Long-term Care Insurance Incentive

Introduction Baby boomers, on average, will start turning 65 in 2011; this means that the population of the elderly will be almost double of that in 2000. With the increasing population, it is a major concern on how they or the government will help provide expenditure for the long-term care that they need. Long-Term Care insurance is an important way that many baby-booming-Americans can help save their assets, as well ...more »

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Campaign: Federal Retirement Thrift Investment Board

Authorize TSP participants to convert to a Roth TSP by paying the income taxes up front

TSP contributions are pre-tax, so TSP participants would owe income taxes on the full balance converted to a Roth TSP. A TSP participant converting a $200,000 TSP to a Roth TSP may owe $60,000+ up-front in taxes. Why would anyone do this? Tax rates are going up. It may be better to "pre-pay" at today's income tax rates than to pay taxes upon withdrawal in retirement, when who knows how high the federal income tax ...more »

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Campaign: Federal Retirement Thrift Investment Board

"Why save a penny when we can SAVE A DOLLAR"

I suggest that the Federal Government develop a retirement drop program simular to the one that the state of Florida's uses. It will save large amounts of money and promote a healthier government as well. It will allow more job opportunities and keep change in government. This system will allow folks to capitalize on newer and up to date ideas. This will allow growth in productivity at the same time it is saving millions ...more »

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Campaign: Federal Retirement Thrift Investment Board

Eliminate the Automatic 1% on non-contributing TSP personnel

I recently accepted a government job and was shocked to find out that even if you don't contribute to the Thrift Savings Plan (TSP Retirement), one percent would still automatically be deposited into an account for me. I believe that we should keep the "matching" in place, but reduce costs by eliminating that automatic one percent to those that don't contribute. I am not sure on all the numbers, but if you were to ...more »

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