Re: [TSPStrategy] I am retired and afraid of Musk/ Trump raiding our TSP accounts

What is the advisor making off the annuity and charging you for AUM? 

With 40 years of service, why do you need an annuity (without a COLA) laid on top of your COLAd pension and SS? What is the adviser's justification for this approach?

Tom

On Sat, Feb 22, 2025, 10:45 PM Richard Adams via groups.io <pianoman3131=yahoo.com@groups.io> wrote:

I am retiring 9/30/25 as i took the fork.  I already have 40.5 years federal service and was planning in going out on 12/31/25 but how could i pass on this offer?  I am not on admin leave just yet as my agency is still scrambling i imagine dealing with a big dumpster of trash laid upon its feet.  Anyways,  i have been working with a fed financial advisor working out a game plan for my tsp money.  Next week i am pulling the bulk of my tsp out and splitting it with the bulk going into a buffered ETF and and the other portion into an annuity that has alot of pluses with it.   No, it doesnt disappear if i die but will go to my children,and it is protected from any bad stock years plus has a cap of making 10 percent on the good ones.  I have to wait 1 year to start receiving a monthly allottment of 1200 bucks for life even if it should run dry,  can pull up to 10 percent out in any given year and at 10 years i can do whatever i want with it.  Between my fers pension, SS, renting out my home while i retire to the island of Sardinia Italy, and this annuity,  i am planning on living a life of luxury.   

On Saturday, February 22, 2025, 5:50 PM, Herb Black via groups.io <blackht71=gmail.com@groups.io> wrote:

Pelosi did not have the power that Musk/Trump have and she would never have done that anyway.

On Sat, Feb 22, 2025 at 10:56 AM Paul Probst via groups.io <pep30339=gmail.com@groups.io> wrote:

If a windfall or wealth tax was going to be imposed on TSP accounts, Pelosi would have done it already.

On Sat, Feb 22, 2025 at 7:37 AM John via groups.io <johnlomack=yahoo.com@groups.io> wrote:

IMHO

If the government is going to confiscate retirement accounts, it's just as easy for them to suck the money out Schwab, Fidelity, or whatever.

If that happens, I've got dibs on the pitchfork and torch concession!

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