And if you are retired from Fed Gov. & still have savings account or IRA’s with federal government - think about implications. I’m rolling mine over & getting it as far away from the dumb one as possible. Not sure where that is yet.
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They want to abolish institutions. Getting rid of FDIC, the only protection of our money in a bank since the great run on the banks, would be a step in the direction of toppling our economy. I don’t think any if them are smart enough to do that. But it could get tough. I’ll take precautions
Yes. TSP. I’m worried too only bc i don’t trust the government to withstand what could happen. I think if I roll it over into a money market where I can’t lose anything but can make a couple of percent at Edward Jones or Charles Schwab I’ll be better off. I’m checking with an advisor tomorrow.
If I wasn’t retired I’d talk to TSP to see what options I had. I still might do that. It won’t hurt. Don’t be scared. Be proactive & gather info from professionals. It pays to be vigilant just in case. We are in uncharted territory.
Talk to someone at TSP. I recall from a few yrs ago that they’re very nice & helpful. Someone on here said they got their savings out when they retired. I left mine in & never questioned it until now.
I don’t want to take chances at this point. Wishing you all the best.
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I don’t want to take chances at this point. Wishing you all the best.