Comforting that the TSP (Federal workers' 401k program) felt the need to send out the following today:
Rest assured that your TSP money is secured for you by federal law (5 U.S. Code § 8437). Money in TSP accounts is held in trust and “may not be used for, or diverted to, purposes other than for the exclusive benefit of the employee” or their beneficiary. When creating the TSP, Congress emphasized this: “The employee owns it, and it cannot be tampered with by any entity.”
Sure, sure. Hopefully that won't be tested like everything else the mad oligarchs are trying to gobble up through outright crime or corruption. #retirement #401k #finance