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The setup of the government thrift plan is precisely what the mutual fund industry does not want for average Americans' funds.
In 2002, the most recent year for which data is available, the government thrift plan received $2.3 million in stock loan rebates, which translated to significantly lower costs.
(Marathon Oil in 2011 spun off a subsidiary company and part of the thrift plan was spun off as well. The original plan is the higher-rated plan, according to BrightScope; the spin-off plan rates a 72).
It's also easy to see why John C. Bogle, founder and retired chief executive of the Vanguard Group, described 401 k)'s as "a thrift plan that we've tried to redesign into a retirement plan".
Solution: You overdose on bonds inside your thrift plan while your close relative loads up on stocks.
That thrift plan will help, but it won't buy you a comfortable life on the golf course.
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(At least not for private-sector workers; state and local government employees can take early, penalty-free cash for "unforeseeable emergencies" from similar thrift plans).
However, assets in retirement accounts go one step further, because they're not counted at all, which means that amounts in 401 k), IRA, 403(b), federal thrift plans or other similar accounts are considered unavailable; the same is true for home equity.
This could range from encouraging people to enroll in thrift plans, pay fines that hang over their heads, eat low-fat diets, or get out to vote.
The Thrift Savings Plan has been justifiably called "the best 401(k) retirement plan in the country".
His major assets include a thrift savings plan worth $100,000 to $250,000 and deferred compensation of $100,000 to $250,000.
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