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On Air: Federal News Network
TSP
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The Federal Retirement Thrift Investment Board is eyeing another potential tweak to the Thrift Savings Plan's Lifecycle Funds — their name. Lifecycle Funds, also known as L Funds or target-date funds, are made up of a mix of the five core TSP funds that shifts over time. But board members are concerned the "fund" label may be confusing to TSP participants. In its place, the board is considering changing the name to "Lifecycle strategies."
February 24, 2014 -
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Returns for nearly all of the funds in the Thrift Savings Plan trended downward in January following a rocky month on Wall Street. The largest declines came in the stock funds. The large-cap C Fund fell by 3.45 percent, the small-cap S Fund inched down 1.91 percent and the I Fund, made up of international stocks, plunged by more than 4 percent, according to new data from the Federal Retirement Thrift Investment Board.
February 03, 2014 -
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More Thrift Savings Plan participants withdrew money from their accounts early in 2013 than in any other year over the past decade. The board processed a total of 291,000 loans and about 138,000 hardship withdrawals last year, according to statistics presented at the board's monthly meeting Monday. More than 14,000 of the hardship withdrawals taken last year came during the month of October, when partisan gridlock led to a 16-day government shutdown and financial uncertainty and delayed paychecks for thousands of federal employees.
January 27, 2014 -
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Senior Correspondent Mike Causey wants to know: Do you think you could make more money, or be more supportive of causes to endorse, if Uncle Sam would broaden your investment options?
January 23, 2014 -
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Financial planner Arthur Stein will answer your questions about the TSP, and Federal Times writers Andy Medici and Nicole Blake Johnson will discuss what's ahead for feds in 2014. January 22, 2014 (This show originally aired Jan. 8, 2013)
January 22, 2014 -
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Thanks to a portion of the media and many politicians, a lot of federal and postal workers have a low opinion of themselves. But when you crunch the numbers, feds are significant players in the stock market and in the net worth department, Senior Correspondent Mike Causey says. Crunch your own numbers.
January 13, 2014 -
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If you are a Thrift Savings Plan investor in any of the stock funds, give yourself a pat on the back ... and purse or wallet, Senior Correspondent Mike Causey says. Because everything is gold, except gold itself....
January 08, 2014 -
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Nearly all the funds in the Thrift Savings Plan finished December in positive territory, helping fuel largely across-the-board gains for the year, according to new data from the Federal Retirement Thrift Investment Board. The C and S Funds posted the largest gains of 2013. The F Fund, tracked to the performance of the U.S. bond market, including government, corporate and mortgage-backed bonds, is the only fund to end the year in the red.
January 03, 2014 -
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In the fifth guest column in a series of five, a long-time Federal Report reader shares his take on why it's important for young feds to start long-term planning early in their careers.
January 03, 2014 -
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Federal employees could soon be seeing a lot less of the G Fund in their Thrift Savings plan accounts. Instead of being automatically enrolled solely in government securities, new plan participants would be shifted to an age-appropriate Lifecycle, or L, Fund as their default investing option under a proposal approved by the Federal Retirement Thrift Investment Board Monday. The proposal ultimately requires action by Congress.
December 16, 2013 -
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If the proposed budget deal becomes law, new federal workers will see a total of 10.6 percent of their salaries automatically withheld from their paychecks to cover their retirement benefits. That could lead to them contributing less or not at all to their voluntary Thrift Savings Plan accounts, experts said.
December 11, 2013 -
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Nearly all the funds in the Thrift Savings Plan ended last month in positive territory, although with smaller gains than in the past few months. The C Fund, which is tracked to the performance of the Standard and Poor's 500, posted the largest gains — 3.05 percent, according to new data from the Federal Retirement Thrift Investment Board, which oversees the TSP. Of the five regular funds, only the F Fund posted in the red for November
December 02, 2013 -
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During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they'll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.
November 25, 2013 -
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A new bill would allow federal employees to contribute toward their retirement by investing only in companies deemed socially responsible. The "Federal Employees Responsible Investment Act," introduced this week by Rep. Jim Langevin (D-R.I.) and Sen. Sheldon Whitehouse (D-R.I.), would require the Federal Retirement Thrift Investment Board to add a "Corporate Responsibility Index" to the existing five investment options available to federal employees.
November 22, 2013
