"Explanation of President Trump's Thrift Savings Plan decision by Gaffney"

Center Executive Chairman, Frank Gaffney, joins Alex Marlow on Breitbart News Daily to discuss the Thrift Savings Plan, China and more....(read more)

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President Donald Trump's decision to change the Thrift Savings Plan (TSP) has been met with mixed reactions from the public. Some believe that the changes are necessary to protect the retirement savings of federal employees, while others argue that the changes are unfair to those who rely on the plan for their retirement income. General Counsel of the Federal Retirement Thrift Investment Board (FRTIB), Kim Weaver, recently spoke out about the TSP changes in an interview with the Federal News Network. Weaver explained that the changes stem from a 2017 law that required the FRTIB to change the index that the TSP uses to invest in international stocks. According to Weaver, the previous index, the MSCI Europe, Australasia, and Far East (EAFE), had been used since the creation of the TSP in 1986. However, she explained that the FRTIB decided to change to a new index, the MSCI All Country World ex-U.S. Investable Market Index (ACWI ex-US IMI), in order to better diversify the TSP's investments and improve returns for federal employees. But why has President Trump intervened in this decision? Republican lawmakers had raised concerns about the new index, stating that it could lead to investments in Chinese state-owned companies that are involved in the country's human rights abuses. President Trump subsequently signed an executive order that directed the FRTIB to reverse its decision to invest in the new index. Tom Gaffney, a spokesman for the FRTIB, explained in an interview with the Washington Times that the board is currently reviewing the executive order and considering its options. He also noted that some federal employees have expressed concern about the decision, as it could potentially harm the returns on their retirement investments. Critics of President Trump's decision argue that it is politically motivated and could harm the retirement savings of federal employees. However, supporters of the decision maintain that it is necessary to protect the human rights of Chinese citizens and ensure that federal employees are not investing in companies that support these abuses. At the end of the day, the decision to change the TSP's investment strategy is complex and has a variety of political and economic factors at play. As this issue continues to develop, it will be important for both federal employees and lawmakers to carefully consider the potential impact of any changes to the plan. https://inflationprotection.org/explanation-of-president-trumps-thrift-savings-plan-decision-by-gaffney/?feed_id=91652&_unique_id=644954b0dc27d #Inflation #Retirement #GoldIRA #Wealth #Investing #china #chinese #coronavirus #donaldtrump #PresidentTrump #thriftsavingsplan #ThriftSavingsPlan #china #chinese #coronavirus #donaldtrump #PresidentTrump #thriftsavingsplan

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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