Most TSP funds in the black in June (2024)

FAQs

Most TSP funds in the black in June? ›

With the exception of the fixed income index F fund, all TSP funds posted positive returns in June. With the exception of the fixed income index F fund, all TSP funds posted positive returns in June. This is a stark change from May, when nearly all funds were in the red.

The C Fund has grown 7.49% in 2024, marking the best performance among the TSP's core funds.

The G Fund is invested in U.S. Treasury securities specially issued to the TSP. Payment of principal and interest is guaranteed by the U.S. government. Thus, there is no “credit risk.”

Be patient: Building wealth takes time and becoming a millionaire through the TSP will likely require a long-term perspective. Stay the course and continue saving and investing consistently, and you will increase your chances of reaching millionaire status.

Your best bet is to stick with the C, S and I Funds. Here's the ratio we recommend for your portfolio: 80% in the C Fund, which is tied to the performance of the S&P 500. 10% in the S Fund, which includes stocks from small- to mid-sized companies that offer high risk and high return.

Total TSP assets at the end of 2023 were $845 billion. 4,060,009 FERS TSP accounts with an average account balance of $175,692. To compare, the average 401(k) balance based on 4.9 million defined contribution retirement plans was $112,572 at the end of 2022, according to Vanguard's 2023 analysis.

Age 40—three times annual salary. Age 45—four times annual salary. Age 50—five times annual salary. Age 55—six times annual salary.

The market volatility has got many people spooked and many are jumping out of the more aggressive stock funds – C, S, and I – in favor of the G Fund's safety. So the other funds are not only losing value from recent market performance but also from individual federal employees moving their money out of it.

TSPs and 401(k) plans are alike in giving employees tax advantages over other approaches to saving for retirement. For federal employees, TSPs' automatic contributions, higher employer matches and low fees probably make them a superior choice.

As long as you are contributing at least 5% of your bi-weekly gross pay each pay period, you will receive the 4% Agency Matching contributions each pay period. Additionally, you will receive the Agency Automatic 1% contribution each pay period.

What percent of TSP are millionaires? ›

Although 1.4% of total TSP participants may seem like a small number, it is evident that becoming a TSP millionaire is achievable. Yes, you could be part of the TSP Millionaires Club.

Dave Ramsey's advice is to save 5% into the TSP to get the full match, then max out a Roth IRA, and then put more into the TSP if you are able to save more after that.

By age 60, your retirement savings goal may be six to 11-times your salary. Ranges increase with age to account for a wide variety of incomes and situations. If you're not reaching these benchmarks, it's okay.

The F fund posted a 0.87% return, after last month posting a -1.41% return. The G fund also made a slight increase from 0.33% to 0.38% in March. The year-to date for the F fund is still positive, rising to 5.30%, as is the G fund, which is up to 4.65% in the last 12 months.

The C Fund can be useful in a portfolio that also contains stock funds that track other indexes such as the S Fund and the I Fund. By investing in all segments of the stock market (as opposed to just one), you reduce your exposure to market risk. The C Fund can also be useful in a portfolio that contains bonds.

Basic Info. Thrift Savings Plan S Fund Monthly Returns is at 3.33%, compared to 6.03% last month and -2.90% last year. This is higher than the long term average of 0.86%.

Thrift Savings Plan F Fund Monthly Returns is at 0.87%, compared to -1.41% last month and 2.55% last year. This is higher than the long term average of 0.44%.