In December, TSP returns continued a climb that brought continued positive returns for the year.
The I Fund, that is the international stock fund operated by the Thrift Savings Plan. Next year, the Federal Retirement Thrift Investment Board will overhaul how the I Fund goes about making investments.
More than a million military service members participate in the so-called blended retirement system. It lets them make TSP-style savings contributions that are portable. The funds go with them when they leave the military. But there is more to financial readiness, something to think about in a high-spending season.
A few things Thrift Savings Plan participants should know about upcoming changes from the SECURE 2.0 Act, aiming to make it easier to save for retirement.
Even in today's inflationary times, the word millionaire has a certain cachet. With a little self discipline and the power of compound interest, millionaire status is available to federal employees who make wise use of the Thrift Savings Plan.
'Tis the season to be jolly. But don't get too distracted from important priorities, like end-of-year financial planning. For some orientation, the Federal Drive with Tom Temin spoke with Thiago Glieger, a wealth adviser with RMG Advisers of Rockville, Maryland, a firm that specializes in federal employees.
After 3 months of mostly negative returns, Thrift Savings Plan funds bounced back with positive returns in November.
For Thrift Savings Plan investors, 2023 showed some positive signs. The year also brought some changes to the "I" Fund. For more, Federal News Network's workforce reporter and co-host of the podcast Fed Life, Drew Friedman, talked with certified financial planner Art Stein on the Federal Drive with Tom Temin.
Currently, 82% of TSP participants are satisfied with the plan, compared with an 87% satisfaction rate in 2022.
After several years of delays and controversy, the TSP’s I fund will transition to tracking a new, broadened benchmark index, but will exclude investments in China and Hong Kong.
In today's Federal Newscast: The size of the U.S. military has dropped nearly 3%. FEMA and CISA publish a first-ever guide for emergency managers to prepare for attack. And the number of TSP millionaires jumps to nearly 100,000.
For the third month in a row most Thrift Savings Plan funds posted negative returns, with the exception of the government securities investment G fund, which posted returns of 0.40%. That's up from its 0.35% in September.
The new TSP loan tracker should help answer questions from participants about the progress of their loan applications, and show them what’s still missing to reach the next step of the process.
In today's Federal Newscast: Thousands of non-feds would be eligible to join the Thrift Savings Plan under a new bill. Agencies must award at least 13% of all their prime contracts to Small Disadvantaged Businesses this fiscal year. And survivors of civilian federal employees killed in the line of duty are a step closer to receiving greater death benefits.
In today's Federal Newscast: TSP participants can now check on their loan applications at any time, as often as they would like. Dozens of companies are urging Congress to create a $1 billion hedge portfolio. And a new online tool should help streamline Freedom of Information Act requests.