Turning your Thrift Savings Plan into a million-dollar nest egg is simple enough. Invest as much as you can to get the government match and then be sure to buy low (when the market has hit bottom) and be prepared to sell high (when it's peaked). How do you do that? Read Senior Correspondent Mike Causey's Federal Report for more.
The Thrift Savings Plan closed out 2012 with strong showings by nearly all the funds both for the month of December and the year. The C, S and the I Funds posted the largest gains last year.
In the 25 years since the Federal Employees Retirement System went into effect, much has changed when it comes to federal retirement. Tom Trabucco, the former longtime director of external affairs at the Federal Retirement Thrift Investment Board, and Judy Park, the former legislative director of the National Active and Retired Federal Employees (NARFE) Association, joined Your Turn with Mike Causey for a look back at the creation of FERS and how it has evolved over the years.
Arthur Stein, a financial planner and former federal manager, told The Federal Drive with Tom Temin and Emily Kopp Wednesday that FERS has been a boon for feds, both young and old.
Tom Trabucco, the former long-time director of external affairs for the Federal Retirement Thrift Investment Board, said legislative changes to the federal retirement system made by Congress a quarter-century ago actually succeeded in achieving its goals and serve as a reminder of what can be accomplished when something big needs to be done and key leaders step up to the line.
The Thrift Savings Plan, the federal-employee 401(k), rolled out in 1987. Through the years, it's picked up some new fund options. In this interactive chart, track annual returns of all 10 TSP funds since their inception.
After a dull October, funds in the Thrift Savings Plan bounced back in November with all funds posting modest gains for the month. The TSP's performance in November marks a return to a mostly strong year for feds' 401(k)-style retirement-savings plan after a bit of a backslide last month.
Under temporary rules issued by the Federal Retirement Thrift Investment Board, feds can continue to contribute to their Thrift Savings Plan. FRTIB will waive a rule that prevents contributions for six months after taking a hardship withdrawal.
After months of solid numbers, most of the funds in the Thrift Savings Plan posted negative returns in October, including all of the Lifecycle (L) Funds. The G, F and I Fund all posted slight gains.
The Thrift Savings Plan starts processing transactions on Wednesday after the U.S. markets were closed for the past two days due to Post-tropical Cyclone Sandy.
Federal employees can contribute a maximum of $17,500 annually to their Thrift Savings Plan next year — up from the $17,000 limit this year, according to the IRS.
The Federal Retirement Thrift Investment Board, which manages the TSP, is mulling whether to add a new option to federal employees' (401)k-style retirement plan: a mutual fund window. The mutual fund window would allow participants to move investments out of the TSP funds they've invested in and into a private-sector suite of mutual funds. However, the board is still studying the issue, Kim Weaver, the director of external affairs for the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose. No changes are imminent.
What does the curse of the Mayan calendar, the threat of sequestration and the always jittery stock market have to do with your TSP account balance? Maybe nothing, maybe a lot. Dust off your crystal ball and buckle up, Senior Correspondent Mike Causey says.
As of Monday, active-duty members of the Army, Navy and Air Force can now participate in the Roth Thrift Savings Plan option.
For the second month in a row, performance in all 10 of the Thrift Savings Plan funds posted positive returns, with double-digit gains in many of the funds year-to-date.