TSP News

This D.C. Millennial Makes $81,000 And Has No Debt
This young federal employee lives in Washington, a high cost of living area, and not only has no debt, but is actively contributing to his future retirement savings via the Thrift Savings Plan and a Roth IRA. https://wamu.org/story/20/02/26/this-d-c-millennial-makes-81000-and-has-no-debt-thanks-partly-to-lessons-from-immigrant-parents/
Saving Solely in the TSP Can be Bad
The TSP is a great option for saving for retirement, but the author says that using it for all savings needs can create tax consequences.
FRTIB Plans to Raise Automatic Enrollment in TSP to 5%
A proposed rule in the Federal Register would increase the automatic enrollment percentage in the TSP from 3% to 5% later this year.
New TSP Catch-Up Contribution Process Coming in 2021
The TSP is implementing a simpler process for making catch-up contributions beginning in 2021.
New TSP Hardship Withdrawal Option Likely Coming Soon
A proposed rule would allow TSP participants to make hardship withdrawals in the event of natural disasters.

Financial News

Barclays cuts S&P 500 2020 target, says it's 'too early to buy the dip'
"The repercussions of the shock to the Chinese economy that has already happened to the rest of the world will not be insignificant," the strategist said.
Virus disclosure in China was delayed because disease control group lacks authority, top scientist says
China's Center for Disease Control and Prevention has such low status in the country that there was a delay in alerting higher authorities to the new coronavirus, widely-followed epidemiologist Zhong Nanshan said at a press conference Thursday.
Global stock markets have lost $6 trillion in value in six days
The coronavirus-driven market sell-off has wiped $6 trillion in value from the global markets in the past six days, according to S&P Dow Jones Indices.
Ex-Fed Gov Warsh sees coordinated global central bank action soon in response to COVID-19
Warsh spoke a day after he called for the Fed to cut interest rates in response to the outbreak.
COVID-19: US, European companies in China still face challenges in getting back to work
Surveys of foreign businesses released this week indicate many people in China still haven't returned to work.

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