Number of TSP Millionaires Going Down: 36% Drop From Highest Point
The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. Here is the latest number as of the end of June 2022.
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 number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. Here is the latest number as of the end of June 2022.
Federal employees frequently move into the G Fund in their TSP accounts during bear markets. Do you really know how to use this unique TSP fund?
TSP performance in July was a bright spot in a dismal year for TSP fund returns. One TSP Fund was up 10.32% for the month but is still down for the year.
A group of House Democrats have requested a GAO investigation into problems stemming from the rollout of the new TSP website.
The G Fund now the most popular TSP fund. TSP returns in July are up and FRTIB anticipates call center activity will return to normal by mid to late August.
Federal employees should avoid making these mistakes with their TSP accounts during bear markets.
Do you want to be a TSP millionaire? A former federal employee shares some of the principles he used to achieve this milestone.
Despite a tumultuous launch, responses from FedSmith readers to our latest survey indicate they are having fewer problems using the new TSP website.
The stock market is down, and many federal employees have seen their TSP savings go down with it. Should they put the money to use elsewhere?
Problems stemming from the new TSP website are not over. Eleanor Holmes Norton wants a GAO investigation and appointment of an inspector general for the FRTIB.