As of this writing, the Bloomberg U.S. Here is a comparison of the TSP core fund returns for the end of September compares to the end of November. The performance of the C Fund is evaluated on the basis of how closely its returns match those of the S&P 500 Index. Here is how inflation impacted prices of everyday items over a one-year period: It may take a few days for people to figure out the headlines are not necessarily accurate. The number of older cases piled up. This article The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website. Daily TSP provides a beautiful set of interactive charts that automatically update each day and allow you to look through the entire TSP share price history for any fund. Despite the increased events with the end of year activity, February performance has been good. The smallest decline was in the L Income fund, which was -1.60% last month. This article Koyfin.com is kind enough to let us embed live charts directly on our page (other chart websites do not allow this). The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. For this chart, I have used the end of September for each years data. Their forecast for growth is that the United States will have a growth rate of 0.4% in 2023 and that the world growth in gross domestic product (GDP) will be 2.3%. Prior to the introduction of the new website, there were about 4.1 million online accounts. That brings the fund's 2022 performance up to -20.48%. No, these emails were discontinued when the application was shut down on December 31, 2020. - Account activity summary table. March 2020, the C Fund went down 12.40% in the month, 2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More, Dr. Anthony Fauci Retiring With Large Annuity, Still Facing Criticism Over Performance at NIAID, Number of TSP Millionaires Going Down: 36% Drop From Highest Point, 10 Easy Ways to Ruin a Federal Retirement. A new rule from the Department of Labor requires considering climate change when investing retirement assets. The average salary is only for pay and does not include an amount for benefits. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). State Street Global Advisors: View of the Market. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. may not be reproduced without express written consent from Ralph R. Smith. Neither TSPDataCenter.com nor any of its partners or representatives is in any way affiliated with the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and that the service being offered is not sanctioned by the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index Less investment risk. On October 1, 2020, the automatic enrollment percentage was increased to 5% of pay for all Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), and Blended Retirement System (BRS) participants who are automatically enrolled in the TSP on or after October 1, 2020. More if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'tspdatacenter_com-box-1','ezslot_3',111,'0','0'])};__ez_fad_position('div-gpt-ad-tspdatacenter_com-box-1-0');report this adTrack the TSP by Email!Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays.Email Address * My Account. All of the current and historical daily share prices for the Thrift Savings Plan (TSP) are listed below. 2023 FedSmith Inc. All rights reserved. 2022 TSP fund performance was dismal. The .gov means its official. Your actual/official TSP account is accessible at the Thrift Savings Plan website. An initial investment of $1,000 on 8/31/1990 would today be worth $5,192: The chart below shows the historical drawdowns for the TSP F Fund. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? It is now back in focus for federal employees. 2023 FedSmith Inc. All rights reserved. By the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. Here is the breakdown of the satisfaction level in different areas for January: According to the Accenture briefing, service levels for a number of areas have been met each month since the new website was launched in June. It is human nature to look to more recent events and react to that recent information. Security and information technology service levels have all been met. Ralph Smith has several decades of experience working with federal human resources issues. The federal government's Thrift Savings Plan is a federally defined contribution retirement account similar to a civilian 401(k). The S&P 500, however, remains in a bear market. may not be reproduced without express written consent from Ralph R. Smith. . Below are the TSP fund performance figures for the G, F, C, S, I and L investment funds as calculated by the Thrift Savings Plan. When comparing portfolios, a high Sharpe Ratio is preferable. For example, on the lowest end of the scale, the lowest average salary for any racial group as of the end of September 2022 was for Black federal employees. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Since January, the G Fund has gained 0.86%. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Here is a summary of improvements that are on-going and planned for the near future. Because it is a defined contribution plan, this means that the retirement income you receive from your TSP . We are providing these live charts for reference and education only. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. As readers have pointed out in comments, there is a large push to achieve equity based on race without comparable references to maintaining competence in providing government services. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. A retirement portfolio that contains an allocation to bond funds like the TSP F Fund, in addition to stock funds like the TSP C, I, and S funds, will typically be less volatile than one that contains only stock funds. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. At that time, the C Fund was down 23.87% for the year. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year. Virtual Assistant Sessions: 1,034,641 Live Chat Sessions: 43,561, E-mail: 59,527 Funded Mutual Fund Window Accounts: 2,821, Transactions completed using e-Signature: 748,396, More than $2.6 billion in loans have been processed since June 1, 2022, More than $18.3 billion in withdrawals have been processed since June 1, 2022, More than 3 million participants have successfully established new online accounts. Last updated: February 02, 2023 at 03:39 PM. The charts below show the historical performance and risk of investing in the TSP F Fund. As noted in various articles such as this one, TSP investors experienced a wide range of problems and were quite vocal in expressing their displeasure with the experience. Looking at the February 2023 returns seems familiar and feels like a return to the inflation-influenced days of 2022. Since then, a number of improvements have been made as problems were identified and attempts have been made to resolve the problems. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. InMarch 2020, the C Fund went down 12.40% in the month. Follow Ralph on Twitter: @RalphSmith47. To be clear, the apparent out-performance of the TSP S fund has more to do with when they set the price of all the funds to 10 in 2003 than consistent out performance. A primary focus of the Biden administration is on racism. TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? 2023 Ralph R. Smith. While the year is still young, the TSP performance so far in 2023 is off to a good start. Federal employees and members of the military participate in the federal government's defined-contribution plan, known as the Thrift Savings Plan (TSP). Here is a summary of the number of interactions with the various channels: A large number of loans and withdrawal requests have been received and processed. For those with more interest in the impact of locality pay on federal pay, this article provides a comparison of average federal salary levels among several locality pay areas. Critical race theory has been making headlines in passionate school board meetings and in schools. All of . We recommend that you use these charts for quick reference. The exceptions are the G Fund with a 12-month return of 3.33%, and the L Income Fund with a 12-month return of 0.74%. Bond investors (including investors in the F Fund) are subject to several types of risk, including inflation risk, interest-rate increases, and a potential default by the issuer of one or more of the bonds in the portfolio. The revised version of the TSP website was released in June 2022. By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. The TSP is like a401(k) planoffered by private employers. Follow Ralph on Twitter: @RalphSmith47. C Fund returns move up and down with the prices of the stocks in the S&P 500 Index (market risk) or if C Fund investments do not outpace or grow enough to offset the reduction in purchasing power (inflation risk). Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . The Thrift Savings Plan ("TSP") is a retirement saving and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. The data show a significant difference between this racial category and others. Weight, 120 Lbs. All rights reserved. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. At the end of September, the C Fund was down significantly.

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