Posted on 07/08/2010 6:15:15 AM PDT by Poundstone
Government officials spend a lot of time telling private employers how they may and may not run their employee retirement-savings plans. Turnabout is fair play, so I decided to take a look at what Uncle Sam offers in the defined-contribution pension plan for federal employees.
(Excerpt) Read more at kiplinger.com ...
Mr Goldberg is keeping his retired clients in 40-60% stocks (!!).
I don’t think I would want Mr Goldberg handling my retirement account.
Do you pay into Social Security?
From the article, the positives far outweigh the negatives.
From the article, the positives far outweigh the negatives.
It is too bad that social security is not reformed and every citizen is give their own TSP. Even if we just took half the SS contributions of younger people and put them in a TSP it would be progress. Every time it comes up the Rats demonize their own govt plan.
This is just another example of how the govt employees and nomenkultura have it better than we sheep paying the high taxes for them to live in luxury.
I do pay into Social Security. It forms one leg of the famous “3-legged stool” of retirement income: SS, pension, and 401(k).
Of course, I’ve also got private savings, which I’m building up in my current post-retirement position in the private sector. But at least I’m collecting my federal pension now!
I do pay into Social Security. It forms one leg of the famous “3-legged stool” of retirement income: SS, pension, and 401(k).
When you ask does the “employer” pay the other half, I presume you mean my former employer, the federal government.
The federal government contributes to SS on behalf of its employees just the same as any private employer.
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