Investors in the federal Thrift Savings Plan have until noon EDT today to make changes in their account allocations.
After a brief pause on investment changes, Thrift Savings Plan participants will get a host of new features starting in June.
It's easy to talk about long-haul, no-panic investing during good times, like we’ve just experienced for an unnaturally long time. But when the going gets tough and markets decline, it is harder to stay the course and sleep at night.
The people behind the TSP, the Federal Retirement Thrift Investment Board, have a strategic plan for now through 2026.
Each time there is an economic bump in the road, and this one is more like a sink hole, some people panic. Which is where the super-safe, never-has-a-bad-day G fund comes in.
Despite tremendous interest (and some dread) over the coming investment expansion for six million federal Thrift Savings Plan investors, fewer than 30 took the opportunity to make formal comments, suggestions or to criticize the proposed changes.
FRTIB will update its platform interface, add new services and introduce a mobile app, requiring a pause in investment changes for TSP participants.
Performance among the Thrift Savings Plan's stock funds was mostly down last month and the Lifecycle funds dropped, too, following slight gains in February.
Thanks to the it-had-to-happen-sometime downturn in the stock market, the number of Thrift Savings Plan millionaires dropped to 100,364 in March.
Many investors know the conventional thing to do, when times are good. But when things go south, which they do regularly, the fight-or-flight instinct kicks in. Times like now.
By later this year, TSP investors could have as many as 5,000 new investment options. So what next?
House lawmakers passed the Securing a Strong Retirement Act, which will raise the age for starting required minimum distributions from TSP accounts.
Last month marked approximately two years since the COVID-19 pandemic reached the U.S. in full effect and pushed the federal government into a maximum telework stance.
What kind of investor are you? Roller coaster riders accept the ups and downs, while merry-go-round riders want a stress-free experience.
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