For Thrift Savings Plan investors, 2023, so far, has brought a partial climb back out of the depths of 2022. It's a good time to separate the patient investors over here, and the would-be market-timers over there.
The Federal Retirement Thrift Investment Board says an appropriations policy rider would be the end of the mutual fund window. But some participants question the actual value of the mutual fund window.
With the calendar year half over, it's a good time to review your financial life. For people in the Federal Employee Health Benefits Program (FEHB), open season isn't far off.
How do you feel about the the Thrift Savings Plan's optional mutual fund window? Take a few minutes to let us know in a short poll.
With the exception of the fixed income index F fund, all TSP funds posted positive returns in June.
The TSP participants who filed the class-action lawsuit said although the mistakes were foreseeable and avoidable, processing delays caused serious financial damages to federal employees seeking loans and withdrawals.
All TSP funds, with the exceptions of the government securities investment G fund, the common stock index C fund and small cap stock index S fund posted negative returns for the month of May.
Now one year after the tumultuous TSP update last June, recent changes to My Account show FRTIB’s goal of slow but steady improvements for participants.
In today's Federal Newscast: President Biden nominates a replacement for outgoing Joint Chiefs Chairman Mark Milley. VA Nurses, numbering about 14,000, have reached an agreement with their union. And there's not quite a six-digit number of folks with seven-digit TSP accounts.
On today's Federal Newscast: Post COVID, FEHB carriers get approval to tweak their coverage. The Post Service is bleeding more money than expected, and it's in the billions. And GOP lawmakers, seeing China red and ESG green, make a move to restrict certain TSP investments.
Federal retirement tends to stand like a three-legged stool: the FERS annuity, the Thrift Savings Plan and Social Security. But a fourth leg could make for an even sturdier retirement. Good old fashioned Savings Bonds are another instrument federal employees can invest in for their personal savings.
For the second month in a row, every TSP fund except the small cap stock index S fund posted positive returns.
It varies with the stock market, but about 1% of Thrift Savings Plans have more than a million dollars in them. Most so-called TSP millionaires have been working for decades.
Investments can change seemingly as fast as the weather, a fact to which anyone with a Thrift Savings Plan account can testify.
Most of the Thrift Savings Plan funds posted positive returns, bouncing back from a largely negative performance in February. The small cap stock index S fund was the only one to post a negative return in March, coming in at -2.90%.