When you leave government are you going to keep your optional retirement nest egg in the Thrift Savings Plan, or move some or all of it to an outside investment option? And does it matter?
Starting the new year at a low point, nearly all Thrift Savings Plan funds were down in January compared to December.
Despite high returns for the TSP’s stock index funds last year, a majority of federal workers have most of their nest egg money in the G fund.
The S and I funds of the TSP had bad years in 2018 but bounced back big time last year. Mike Causey asked financial planner Arthur Stein why?
While there is a lot of interest in those who are self-made Thrift Savings Plan millionaires, the fact is most investors will never hit seven-figure status.
Thanks to the booming stock market the number of federal-postal workers with $1 million or more Thrift Savings Plan accounts jumped to 49,620 at the end of 2019.
Many people decided to ride out the Great Recession so they could miss the downside and return to the TSP’s C, S and I stock funds when things got better. Eleven years later, some still haven’t returned.
For many January is a hope-springs-eternal transition time. But there are things members of the federal family can, and should, be doing that will save money.
Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?
To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.