President Signs Tobacco Bill Implementing TSP Changes
The tobacco bill, which contained changes to the federal government’s thrift savings plan, has been signed into law.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
The tobacco bill, which contained changes to the federal government’s thrift savings plan, has been signed into law.
Investors in the Thrift Savings Plan are reversing a trend that has been continuing for months: They are again moving money into the TSP’s underlying stock funds and out of the safer G and F funds.
The tobacco bill has been approved by Congress. The new legislation will make changes to the TSP but the final version does not include a change to allow credit for unused sick leave for FERS employees.
The `Thrift Savings Plan Enhancement Act of 2009′ is the portion of the tobacco bill that makes changes to the Thrift Savings Plan.
For the third month in a row, all of the funds in the federal Thrift Savings Plan provides positive returns for investors. In fact, the past three months have been the best for the C fund index since 1938. The best return in May: 13.41% for the I Fund.
Did investors in the Thrift Savings Plan put more money into the TSP stock funds in anticipation of a turnaround or continue to pour money into the G fund?
For the second month in a row, all of the funds in the Thrift Savings Plan are higher–one of them going up 15% in April. Here are the results.
Your TSP funds have taken a big leap in the past few weeks with the S fund up about 26% since March 1st. That is good news and a reason for optimism. So, is the economic crisis now over? The current stock market is behaving much as markets did in 1938. Keep that in mind when making your investment decisions.
A bill currently working its way through Congress would allow FERS employees to count sick leave in computing their annuity payments. The same bill would also make administrative changes to the Thrift Savings Plan.
A new bill to change the regulation of tobacco has passed the House. Embedded in this legislation are changes to the Thrift Savings Plan. If Congress sees an advantage in changing a program with billions of dollars at stake and some small portion of those billions represent your personal financial future in retirement, you may want to pay attention.