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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.
Most people know the rule is buy low, sell high. If you buy that, the problem is knowing when the market has peaked or bottomed out.
Ask yourself if, when you start tapping your TSP you’ll be glad you invested pre-tax, or do you wish you had taken the Roth option?
Just about everybody knows the stock market is long overdue for a correction of 20% or more — maybe a lot more.
Experts on Wall Street and world financial markets have been predicting another recession, some almost daily, since the last one ended more than 10 years ago.
In today's Federal Newscast, acquisition authorities have made a proposed rule final, to keep phony parts out of systems the government buys.
This is the longest bull market in history. But eventually it will change, the market will tank.
Most of the 5.8 million workers, retirees and former feds with Thrift Savings Plan accounts have some of their retirement nest eggs in the G fund.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.