Just about everybody knows the stock market is long overdue for a correction of 20% or more — maybe a lot more.
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.
There were 5.6 million accounts in the TSP at the end of September. A few were just born in the right family but the majority are self-made.
While people are fascinated by the TSP Millionaires Club, the real question is where does your account rank in value?
So how’s the retirement nest egg you’re building one paycheck at a time going?
Federal-military-Social Security retirees are hoping for a January 2020 cost of living adjustment, which is nice but not as nice as the days of 8% or 9% yearly increases.
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.
Most experts say it is essential that people under the Federal Employees Retirement System put at least 5% into the Thrift Savings Plan.
Many of the nation’s smartest rank-and-file retirement investors may not be on Wall Street but rather in the cubicle next to yours, in your carpool or even in the mirror.
Despite a decade of mostly good-to-excellent returns in the stock-indexed C, S and I funds, most of the money feds have invested in their in-house 401(k) plan is in the fund which typically had the lowest returns.
As more companies scale-back or more often eliminate retirement plans for their workers, the government’s benefits package looks better and better to many private sector employees. But all comparisons are relative.