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u/BPRparadise

r/neilyoung r/mississippi r/ThriftSavingsPlan
▲ 85 r/ThriftSavingsPlan

TSP: STOP asking me for my banking information every time I log in!

Recent retiree (10/01/2025) here. TSP wants me to input my banking info. I just went thru a very traumatic event w/fraudulent spoofing on my bank acct., where fraudsters were able to access my bank acct, send me a two-factor authentication text identical to ones I normally (legitimately) receive from my bank, and nearly convinced me that they were legitimately my bank. The level of sophistication that fraudsters possess nowadays is scary. (And with AI, I can only imagine how much worse it's going to get...) I'm still shaken from the whole thing (among other things, the fraudsters were able to tell me my balances in my checking (small amount, only a couple thou), and my high-interest savings (exponentially more) - to the penny. It was all done under the guise of the fraudster claiming to be my bank, telling me my accounts had been hacked. I've since learned this is a common 'spoofing' scam going around right now. I am not stupid, or naive. But they almost got me. All of that is to say that I DO NOT WANT to give anyone my banking acct. info. right now. Including and especially TSP! [remember: around 20 yrs ago, if you were in TSP we all received notices that our TSP accounts had been 'compromised' in some way - another incident that scared the heck out of me.] As I said, with AI coming all of this fraud is only going to get much, much worse. It has me re-thinking the whole 'online banking' thing altogether.

Thoughts, anyone?

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u/BPRparadise — 2 months ago
▲ 0 r/neilyoung

Looking for the song "A Chance on Love"

Neil and Crazy Horse. Note: NOT "Love and Only Love". But the track "Chance on Love". It's impossible to find via internet search. I don't know which album it's from. Can someone help me out please.

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u/BPRparadise — 4 months ago
▲ 3 r/ThriftSavingsPlan

The attached article was in Fed News Network today. I realize it was authored by someone in the gold industry, however what is stated makes sense. I retired last year at the age of 59 under DRP/VERA, and my TSP portfolio is at 500k. I live very comfortably on just my FERS (w/the supplement), so I have no need to tap my TSP for at least another 10 yrs. Additionally, I have no plans to take S/S until I turn 67. In short, I am still very much looking for growth in my TSP. (78% of my portfolio is in C S I). I have been thinking a lot about the state of affairs in the U.S. and the world, and the markets. This is just my opinion, but I don't foresee the crazy bull market that has built up our TSP balances so nicely is going to continue as it has. I believe the volatility the markets will be facing in the next decade is going to be a roller-coaster like we've probably never seen before. There are two primary factors that to which I attribute that statement: the impact AI is going to have on employment/unemployment levels, and the nearly $40 trillion in national debt (and climbing - thank you "fiscally responsible" Republicans *spit!*).

At any rate, it's been a great bull run, and although I didn't sock away as much in my TSP as I could have, I'm ok with what I have given that my personal financial situation (zero debt; own my home) is what I would consider very good. One million dollars would be excellent, and I can still get there with additional time. Questions about what this article discusses:l

If I were to open one of these gold IRA accounts and roll over a *portion* of my TSP (not the entirety) - does the gold IRA still require RMDs?

Does it make sense to buy gold right now? It's sky-high. Should that be factored in?

Does moving a portion of my portfolio (in all likelihood, the G and F components) into Gold make better sense? I would keep the C S I funds with the goal of additional growth. Are these two strategies at odds with each other? I don't think so, but others who are more savvy than I might disagree.

To summarize, I think that the national debt, on top of the potential labor displacement looming with AI, are going to prove extremely deleterious to the United States' economic position. To the point where I don't believe the G and F funds are going to be safe even. I have more confidence in Gold than I do the U.S. $ (including Treasuries, obviously). That is why I am considering this.

u/BPRparadise — 5 months ago