In time, federal and postal employees may be the only American workers with a guaranteed pension plan, Senior Correspondent Mike Causey says. The wild card for feds is how, and how much, to invest in the TSP. So what's your plan?
Now that the stock market is booming, many once-cautious TSP investors feel like they should be walking on the wild side, Senior Correspondent Mike Causey says. But before they go too far, they should try to remember how they felt about the TSP and risk a few years ago when the recession hit.
CBS MoneyWatch Columnist Allan Roth discusses what you can do to maximize your TSP investments, and Nicole Johnson from the Federal Times discusses OPM's plans to reform its IT systems. March 12, 2014
Here's a TSP tip for you: If it hurts when you invest, you must be doing something right. But be careful how you treat the pain, Senior Correspondent Mike Causey says. No pain, no gain may be more than just a slogan.
New Thrift Savings Plan participants would be automatically enrolled in an age-appropriate Lifecycle Fund -- instead of the G Fund -- under a bill set to be debated Wednesday by the House Oversight and Government Reform Committee. The Smart Savings Act, introduced by the committee's chairman, Rep. Darrell Issa (R-Calif.), is supported by the Federal Retirement Thrift Investment Board.
After a rocky start to the year, fund performance for the Thrift Savings Plan rebounded last month. A strong February on Wall Street helped fuel across-the-board gains in all five of the TSP's regular funds, according to statistics released Tuesday by the Federal Retirement Thrift Investment Board.
The Federal Retirement Thrift Investment Board is eyeing another potential tweak to the Thrift Savings Plan's Lifecycle Funds — their name. Lifecycle Funds, also known as L Funds or target-date funds, are made up of a mix of the five core TSP funds that shifts over time. But board members are concerned the "fund" label may be confusing to TSP participants. In its place, the board is considering changing the name to "Lifecycle strategies."
Returns for nearly all of the funds in the Thrift Savings Plan trended downward in January following a rocky month on Wall Street. The largest declines came in the stock funds. The large-cap C Fund fell by 3.45 percent, the small-cap S Fund inched down 1.91 percent and the I Fund, made up of international stocks, plunged by more than 4 percent, according to new data from the Federal Retirement Thrift Investment Board.
More Thrift Savings Plan participants withdrew money from their accounts early in 2013 than in any other year over the past decade. The board processed a total of 291,000 loans and about 138,000 hardship withdrawals last year, according to statistics presented at the board's monthly meeting Monday. More than 14,000 of the hardship withdrawals taken last year came during the month of October, when partisan gridlock led to a 16-day government shutdown and financial uncertainty and delayed paychecks for thousands of federal employees.
Senior Correspondent Mike Causey wants to know: Do you think you could make more money, or be more supportive of causes to endorse, if Uncle Sam would broaden your investment options?
Financial planner Arthur Stein will answer your questions about the TSP, and Federal Times writers Andy Medici and Nicole Blake Johnson will discuss what's ahead for feds in 2014. January 22, 2014 (This show originally aired Jan. 8, 2013)
If you are a Thrift Savings Plan investor in any of the stock funds, give yourself a pat on the back ... and purse or wallet, Senior Correspondent Mike Causey says. Because everything is gold, except gold itself....
Financial planner Arthur Stein will answer your questions about the TSP, and Federal Times writers Andy Medici and Nicole Blake Johnson will discuss what's ahead for feds in 2014. January 8, 2014
Nearly all the funds in the Thrift Savings Plan finished December in positive territory, helping fuel largely across-the-board gains for the year, according to new data from the Federal Retirement Thrift Investment Board. The C and S Funds posted the largest gains of 2013. The F Fund, tracked to the performance of the U.S. bond market, including government, corporate and mortgage-backed bonds, is the only fund to end the year in the red.
In the fifth guest column in a series of five, a long-time Federal Report reader shares his take on why it's important for young feds to start long-term planning early in their careers.