Why debt ceiling won’t impact TSP, July returns
Tom Trabucco, the Director of External Affairs at the Federal Retirement Thrift Investment Board, explains why you don\'t have to worry about the debt impacting...
You can rest easy about your Thrift Savings Plan account, no matter how Congress votes on the debt limit.
The Thrift Savings Plan Investment Act of 1987 protects the G Fund when securities are not issued, said Tom Trabucco, the Director of External Affairs at the Federal Retirement Thrift Investment Board.
“The bottom line is this: Earnings are guaranteed when securities are issued and earnings are guaranteed when securities aren’t issued,” he said. “That covers 100 percent of the landscape.”
However, uncertainty over the debt ceiling debate did affect July returns. Only the G and F funds had positive returns for the month.
Thrift Savings Plan July 2011 returns
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|---|
| Month | 0.22% | 1.59% | -2.04% | -3.14% | -1.60% |
| YTD | 1.66% | 4.39% | 3.85% | 3.81% | 3.59% | 12 Month | 2.63% | 4.57% | 19.62% | 26.22% | 17.47% |
| L Funds | L Income | L 2020 | L 2030 | L 2040 | L 2050 |
|---|---|---|---|---|---|
| Month | -0.14% | -0.94% | -1.25% | -1.49% | -1.75% |
| YTD | 2.36% | 3.31% | 3.60% | 3.81% | NA |
| 12 Month | 6.23% | 12.87% | 15.25% | 17.14% | NA |
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