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The massive overhaul and upgrade of the Thrift Savings Plan was not without its problems. Turns out nobody knows that more than the folks at the Federal Thrift Investment Board, who run Uncle Sam’s massive in-house 401(k) plan.
The new, expanded TSP is only a few weeks old. And it's getting lots of attention, good and bad, from its 6 million investors.
Along with challenges logging in to TSP’s updated system, an exclusive Federal News Network survey shows many participants are frustrated with the new layout.
Participants in the Federal Thrift Savings Plan will soon be able to put a sizeable chunk of their accounts into 5,000 new funds, including those offered by 300 mutual fund families like Fidelity, T.Rowe Price and Vanguard.
The Federal Retirement Thrift Investment Board adds customer service representatives to help participants who are frustrated with new account interface.
The June 1 rollout of the TSP’s new My Account system requires all participants to set up a new login system for their personal account. Lots of folks having trouble with the new system contacted Federal News Network to share their stories.
The 5,000 new TSP choices will include funds with social goals, real estate and other special interests. Many of them may be close to your heart. The question is will they also make money and build your retirement nest egg?
Federal News Network is conducting a survey to gauge your experience with the June 1 update to the Thrift Savings Plan.
A major online update for the Thrift Savings Plan causes high call volumes for the Federal Retirement Thrift Investment Board.
Performance among the Thrift Savings Plan's stock funds was mixed last month and the Lifecycle funds slightly dropped.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
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.