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.