Deadline approaching

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Q: If President Obama and Congress fail to meet on the Aug. 2 deadline concerning the debt ceiling issue, how could this affect my TSP? Also, would It be advisable to move all of my money into the G fund, assuming that they don’t reach an agreement? Is this the safest place for my investment to be during this time?

A: Yes, any significant economic event has the potential to negatively affect your TSP balance. The G Fund is the safest TSP option when it comes to risk of loss of principal.

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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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