Ever board a bus to take you to a winter vacation in Daytona Beach only to wake up when it reached its true destination: Detroit?
Not that there’s anything wrong with Detroit but…
Your bad! But stuff happens. Sometimes you get on the wrong boat, bus, train or investment vehicle. One that isn’t going where they are thinking. It happens. A lot.
So how many Thrift Savings Plan investors don’t understand exactly know what their...
Ever board a bus to take you to a winter vacation in Daytona Beach only to wake up when it reached its true destination: Detroit?
Not that there’s anything wrong with Detroit but…
Your bad! But stuff happens. Sometimes you get on the wrong boat, bus, train or investment vehicle. One that isn’t going where they are thinking. It happens. A lot.
So how many Thrift Savings Plan investors don’t understand exactly know what their retirement nest egg is invested in? Maybe more than you think.
Example:
From time to time we hear from people who say the stock fund (C, S or I Fund) they’ve invested in isn’t doing as well as the returns reported in the newspaper. Sometimes it’s a timeline issue involving when the returns were reported. But sometimes people, through no fault of their own, are just in the wrong fund. Simple as that.
Recently heard from a fed who early this month contacted us about his investments in the C fund. He wrote, “How is it that the Dow Jones average went up 300 points, but the valuation of my TSP share went down…and I took a hit? The folks at the TSP cannot seem to answer that question.”
We found one. Kim Weaver, the spokesperson for the Federal Retirement Thrift Investment Board (it runs the TSP) said:
Without knowing what fund he’s invested in, I can’t address his specific rate of return. However, as noted, the TSP Funds do not track the Dow Jones Industrial Average (DJIA). For U.S. stocks, we offer the C and S Funds:
The Dow Jones Completion Index (S Fund) offers the mid- and small capitalized stocks that compliment and “complete” the U.S. stock market when added to the C Fund.
I hope this is helpful. K.W.
Nearly Useless Factoid
Portugal is by far the top country for cork production. In 2019, they exported 60.8% of the worlds corks (US $1.2 billion worth). Behind Portugal was Spain with 19.4% ($379.8 million worth).
Mike Causey is senior correspondent for Federal News Network and writes his daily Federal Report column on federal employees’ pay, benefits and retirement.
Learn about everything from pay, benefits and retirement, to buyouts, COLAs and pay freezes. Dial 667-930-9385 to listen live from any phone. Follow Mike on Twitter and send him an email with your questions and comments. Subscribe on Apple Podcasts or Podcast One.
THRIFT SAVINGS PLAN TICKER
May 26, 2022
Close
Change
YTD*
L Income
22.7139
0.0976
-3.32%
L 2025
11.4906
0.0859
-6.04%
L 2030
39.6951
0.4221
-8.58%
L 2035
11.8294
0.1377
-9.48%
L 2040
44.4375
0.5623
-10.33%
L 2045
12.0885
0.1636
-11.10%
L 2050
26.3208
0.3788
-11.80%
L 2055
12.7499
0.2205
-13.56%
L 2060
12.7491
0.2205
-13.56%
L 2065
12.7482
0.2206
-13.57%
G Fund
16.8797
0.0013
0.65%
F Fund
19.1524
0.0124
-9.33%
C Fund
61.6252
1.2035
-12.91%
S Fund
65.3406
1.5929
-18.83%
I Fund
34.8302
0.399
-12.73%
Closing price updated at approx 6pm ET each business day. More at tsp.gov * YTD data is updated on the last day of the month.