Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Nictuku

(4,012 posts)
3. More than a little nervous
Wed Jan 29, 2025, 12:28 PM
Jan 29

My life savings is from my government 401(k) - They call it TSP. I can move it around to different stock market funds, or have it in an interest only safe account. I've been too (either stupid or chicken), and have kept it in the safe spot for the past several years. When I first retired, I did try to benefit from the stock market, but by the time my loss was 30K, that was it for me and I put it back in the safe place. Murphys law, ever since then stock market has gone up and up and up. Of course now, there is no way I would put it in the stock market with TSF in office.

But what if they try to steal all that money? There is a shit-ton of money in the TSP, if TSF knows about it I'm sure he probably is drooling over it.

I'm thinking I should pull it all out and put in my bank.

But then I've been reading that he is going to fuck around with the FDIC.

I really don't know what a 'safe' place for savings is. Do we still trust CDs and stuff like that? I do have someone I can cal for advice.

It is all the money I have in the world, and am not earning any more (SS and modest pension is getting me by for now), but this money I'm basically saving for an emergency.

I'm scared. Not thinking clearly.

Recommendations

4 members have recommended this reply (displayed in chronological order):

Sane people know this..... Lovie777 Jan 29 #1
YEP !! There are literally bots going around in different SM sites responding as if people are overreacting to this ... uponit7771 Jan 29 #4
100% n/t OneGrassRoot Jan 29 #2
More than a little nervous Nictuku Jan 29 #3
If there's a low risk category I'd sit there and wait it out for a while, if the tariffs are wide and sweeping even if uponit7771 Jan 29 #5
Gold or silver ETFs suegeo Jan 29 #10
WHOA !!! This shit has been happening since the 80s then !! uponit7771 Jan 29 #17
Silverado Savings and Loan crash suegeo Jan 29 #21
Yooo, that's some scary shit !! RayGun came in a wrecked it and GQP has been doing this ever sense. uponit7771 Jan 29 #24
Just wait DENVERPOPS Jan 29 #11
I'm with you. MiKenMi33 Jan 29 #18
Don't take financial advice from an anonymous internet poster on DU. Contact a CFP. beaglelover Jan 29 #22
Hear, hear. jeffreyi Jan 29 #23
AGREED !!! uponit7771 Jan 29 #25
And we Democrats have to rescue the US. Again. sakabatou Jan 29 #6
Hmmm, just a thought ... this time they plan to crash it early so the GQP candidate isn't saddled with legacy and lose uponit7771 Jan 29 #12
Cleaning up The Wizard Jan 29 #27
If he does it quickly, he can blame Biden Johnny2X2X Jan 29 #7
The sick fuck wants Biden arrested and/or executed. Initech Jan 29 #8
THIS !! I just posted about them crashing it early this time but blaming it all on Biden would be their excuse ... uponit7771 Jan 29 #13
Today Thom talked about this gab13by13 Jan 29 #9
Yep, except dems will go to legacy M$M instead of TYT ... MT ... BTC Roland Martin etc to amplify. We need to catch up uponit7771 Jan 29 #14
Dotard J Hoover. roamer65 Jan 29 #15
Yep, all my voting life the economy has crashed at the end of a GQP term !!! uponit7771 Jan 29 #16
Yup mine too proud patriot Jan 29 #19
That's what republicans do proud patriot Jan 29 #20
The bribing class will buy The Wizard Jan 29 #26
Latest Discussions»General Discussion»Thom Hartman: **TRUMP PLA...»Reply #3