Many know they should invest more conservatively as they approach retirement, but investing too conservatively can be dangerous if you don’t want to run out of money.
Senators in both parties last week expressed concerns about OPM director nominee John Gibbs’ fitness for the position in light of Twitter posts that were Islamophobic, anti-LGBT and endorsing debunked satanic conspiracy theories.
All three of President Trump’s picks suggested that investing feds’ retirement money in Chinese companies could be too risky, but said they would base any decisions within their fiduciary responsibility to participants.
Although satisfaction levels are slightly down compared with 2017, officials with the federal government’s 401(k)-style retirement savings program said that is likely due to market volatility at the time of the survey.
W. Lee Radcliffe joins the podcast to discuss his post suggesting private business can administer the Thrift Saving Plan as well or better than the government.