I agreeto Idea Don't Borrow Federal Retirement Funds
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Don't Borrow Federal Retirement Funds

Do not allow the Treasury Department to borrow money from Federal Retirement Funds. Removing money from any fund in the TSP will result in losses and could potentially have direct impacts on retirement funds. Stating "TSP participants should have nothing to worry about" does not guarantee there will be no impact. Even if they paid back the borrowed amount plus interest, where would we get back our "earnings" for the amount? We would be out that much more money in a so-called "no-risk" account.

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Submitted by Community Member 2 years ago

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Comments (3)

  1. Community Member Idea Submitter

    Leave TSP alone.

    2 years ago
    0
  2. Community Member Idea Submitter

    Even if they paid back the borrowed amount plus interest, where would we get back our "earnings" for the amount?

    2 years ago
    0
  3. Community Member

    If you keep your TSP money in the C, S, and I funds, the US Treasury cannot borrow your money as easily as they already have in the G fund since they would have to direct the TSP to sell shares of the C, S, and I common stock funds. Also, you may actually lose real purchasing power in the G fund due to inflation.

    2 years ago
    0