This is the longest bull market in history. But eventually it will change, the market will tank.
The Thrift Savings Plan continued its positive trend last month, as all funds showed either gains or held steady compared to September.
Fans of the Thrift Savings Plan hope new withdrawal rules encourage more people to stick with it when they move to another job or retire.
A growing number of Thrift Savings Plan investors are nervously wondering how much longer the current bull market will last, and can last.
Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.
So how’s the retirement nest egg you’re building one paycheck at a time going?
Most of the 34,000 active and retired feds with million-dollar-plus Thrift Savings Plan accounts got there by keeping cool. Most have been steady investors for decades.
The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.
The Federal Retirement Thrift Investment Board announced in 2017 it would broaden the I fund’s benchmark to include more emerging markets, including China.
Thanks to the ups and downs in the global markets, some of the 37,612 feds who were Thrift Savings Plan millionaires at the end of June may be back to six-figure balances.