TSP Drops Fast; 2009 COLA Rate Also Drops

The stock market has been falling fast and TSP return rates are falling along with the market. And, this will surprise some current and future federal retirees, the current COLA adjustment for next January also dropped in the past month. Here is a quick summary of your TSP returns and the 2009 COLA adjustment.

“Drill Here, Drill Now”

“Drill here, drill now” has become a political hot topic as gas prices have been soaring. One argument against drilling: The oil companies are not even drilling with existing leases. A decision from a federal appeals court finds that the government reneged on off-shore leases off the California coast and kept the companies from exploring and tapping off-shore resources. The government has been ordered to pay more than $1.1 billion to the leaseholders.