TSP
-
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.
June 05, 2023 -
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.
June 01, 2023 -
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.
May 29, 2023 -
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.
May 26, 2023 -
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.
May 25, 2023 -
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.
May 04, 2023 -
For the second month in a row, every TSP fund except the small cap stock index S fund posted positive returns.
May 01, 2023 -
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.
April 27, 2023 -
Investments can change seemingly as fast as the weather, a fact to which anyone with a Thrift Savings Plan account can testify.
April 20, 2023 -
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%.
April 03, 2023 -
In today's Federal Newscast: Congressman Adam Schiff (D-Calif.) has introduced a bill to create another TSP investment option. GSA's Sonny Hashmi logs in to an oversight committee's hot seat. And Sen. Cory Booker (D-N.J.) is troubled by a glitch-plagued app for migrants.
March 30, 2023 -
Bank stocks might look like dicey propositions these days. There's nothing to focus investors' minds like the possibility of a run on the banks. It's not 2008 though, and we probably won't see the failure of hundreds of banks like we did back then. For more on the state of money and investments, big and small, the Federal Drive with Tom Temin spoke with Certified Investment Planner Art Stein.
March 29, 2023 -
In today's Federal Newscast: A bill is reintroduced to establish an IG office for the agency that manages the Thrift Savings Plan. The Postal Service surpasses more than $2 billion in losses so far this fiscal year. And the Biden administration is figuring out a way to bring some standardization to how agencies hire cyber workers.
March 27, 2023 -
If you wonder why federal employees worry, along with everyone else, consider: mini financial crises, a stubbornly bear stock market, no breakthroughs on Social Security solvency, and the debt-ceiling debate dragging out.
March 21, 2023 -
A simple list of names doesn't do justice to Presidential Rank Awardees, plus GAO launches look-see into TSP snafus
March 09, 2023