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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.
The Federal Retirement Thrift Investment Board — which manages federal employees' Thrift Savings Plan accounts — approved a 19 percent budget increase for the coming year, allowing it to fund new cybersecurity and hiring initiatives. The $170.5 million budget, which is more than $27 million above 2012 levels, was agreed to following a "rigorous review," the board's director of external affairs, Kim Weaver, told In Depth with Francis Rose.
NARFE Director of Benefit Services David Snell and Steve Watkins and Sean Reilly of the Federal Times will talk about issues that could affect your retirement. September 19, 2012
Returns for the Thrift Savings Plan continued their steady upward climb last month, with all funds posting in positive territory for the month of August, according to new data from the Federal Retirement Thrift Investment Board.
Kim Weaver, director of the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose feds will soon be able to access videos online explaining some of the more complicated aspects of their Thrift Savings Plan accounts.