Paul,
You can still do IFTs to the G fund and your money is still in your name. The G fund is simply not paying interest until the debt ceiling is resolved. In the past, they have back interest.
The government is not borrowing from the G fund and there is no risk of confiscation. By not paying interest on your funds in the G fund, they move it off the government debt ledger for the purposes of calculating the debt to meet the debt ceiling requirements. The G fund is not invested in marketable securities on the open market and is basically a virtual Treasury security (on paper only) with a calculated interest rate for the sole purpose of the TSP G fund. So it is easy to change the accounting of it on the government books.
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Posted by: michaelhbond@yahoo.com
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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