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Here is the latest number as of the end of June 2022. And yet we turn around and observe actually that everything has gone up widely in price. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. The majority of interest from our users has been with respect to the TSP rate data (daily, monthly and annual) we provide on the site as well as our weekly TSP returns email list, so we decided we can best serve our users by focusing our efforts on these services instead. A good investment strategy aims to minimize drawdowns. 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. These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. Also send me occasional emails about TSP Folio's approach to investing in the TSP (our newsletter). For example, for the TSP C Fund, we extended the available price history with the S&P 500 Total Return index. 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. We use the TSP G Fund returns as our risk-free investment. That was the low point of the year for this stock index. That is higher than what economists had anticipated. On a more positive note, returns in the past two months have gone up significantly. - Capability to track TSP transactions without giving away your TSP login credentials. Since then, a number of improvements have been made as problems were identified and attempts have been made to resolve the problems. 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. All rights reserved. Despite the increased events with the end of year activity, February performance has been good. Here are the 2022 TSP returns for all funds in the Thrift Savings Plan for December 2022 and for all of 2022: The thrift savings plan (TSP) is a retirement investment program for federal employees and members of the uniformed services, including the Ready Reserve. Looking at the February 2023 returns seems familiar and feels like a return to the inflation-influenced days of 2022. Overall Returns (2005-2022): Our TSP Allocation Service is averaging a profit of +12.73% per year. Ralph Smith has several decades of experience working with federal human resources issues. The fund uses a passive management (indexing) investment approach, designed to match the performance of the Bloomberg U.S. The companies in the index represent 123 industries classified into the 11 major sector groups shown in the chart. By the end of January, the satisfaction rate was at 88.74%. This article A subscription site that offers TSP Fund quotes, investment, and allocation discussions for Federal and Military employees. Your actual/official TSP account is accessible at the Thrift Savings Plan website. One TSP stock fund was down 26%. 2023 FedSmith Inc. All rights reserved. As a result, this Fund is now down -12.32% for the year. The indexes we use do not account for fund expenses, so earlier returns for both the benchmark portfolio and TSP Folio strategy will be slightly higher. This reflects the end of the federal governments fiscal year. This increase puts the Dow index back into a bull marketan increase of 20% or more from a recent low. tracking system is the IFT allocation reporting system for TSPtalk.com members only and will not impact your actual Thrift Savings Plan account. The goal for participant satisfaction is a satisfaction rate of 90%. A description of each of the TSP funds is here. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. The prices of bonds and stocks don't always move in tandem. State Street Global Advisors: View of the Market. L 2040 Fund. 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. GAO Agrees to Investigate TSP Website Problems. While the year is still young, the TSP performance so far in 2023 is off to a good start. 90% of all interactions are now being handled through these channels. Some of these areas as behind-the-scene actions that are critical to the performance of a website but may not be visible to participants unless there is a failure. Over 18 years, our service continues to lead all other TSP advisory services. 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. TSP Charts; How to build TSP charts; Sign in. Search 31 Tsp jobs now available on Indeed.com, the world's largest job site. The site is secure. Please enter your name and email address below: Send me TSP fund updates: Weekly Daily. this article provides a comparison of average federal salary levels, OPM Extends COVID-19 Excepted Service Hiring Authority, Biden Administration and Racism: Winners and Losers in Changing Face of Federal Employees, EO Creates More Data Collection by Groups and Cancels Earlier EO, Critical Race Theory, Training, and Federal Employees. TSP investor returns for the stock funds are still in negative territory so far in 2022 and for the past 12 months. InMarch 2020, the C Fund went down 12.40% in the month. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. Investors will ignore the sunny prognostications of political leaders seeking approval and wanting to stay in office. In 2017, for example, the I Fund had a return of 25.42%doing better than any of the other TSP stock funds. . The number of older cases piled up. While TSP investors were probably hoping for a rebound, that did not occur. This action will also remove this member from your connections and send a report to the site admin. Popular examples include Vanguard's Total Bond Market Index Fund (VBMFX), Vanguard Total Bond Market ETF (BND), and iShares Core U.S. Strategy performance is tracked and verified by, The benchmark portfolio is an allocation to 40% stocks and 60% bonds, invested in TSP funds as follows: 20% C Fund, 20% I Fund, and 60% F Fund. . The number of calls started going up in December. No. While TSP investors were probably hoping for a rebound, that did not occur. We will find out in January 2024 if 2023 was one of those years in which the relatively small I Fund does better than the others in the TSP portfolio. The chart below shows the returns of the C Fund over the last 34 years as well as the average annual return of around 12%. The Dow Jones Industrial Average is up more than 20% since September 30th. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. We recommend that you use these charts for quick reference. FedSmith.com. It is free and will continue to operate for new and existing subscribers. The majority of interest from our users has been with respect to the TSP rate data (daily, monthly and annual) we provide on the site as well as our weekly TSP returns . TSP performance in January 2023 flipped from what it was in January 2022. TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. TSP performance through the end of October 2022, the year to date and the past 12 months is listed below. The strongest growth rate is projected to be for China (5%) which is emerging from a massive lockdown due to Covid. While 2022 was not profitable for investors, it has been worse. Addressing current issues and identifying opportunities for ongoing improvement remains the programs top priority. Aggregate Index contains over 10,000 bonds. may not be reproduced without express written consent from Ralph R. Smith. Thrift Savings Plan (TSP) Coach. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. 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. At that time, the C Fund was down 23.87% for the year. The C Fund can also be useful in a portfolio that contains bonds. As a result, stocks are still down for the year for all TSP Funds except for the G Fund which has a positive 2022 return of 2.77% for the year. In fact, investment grade bonds are often uncorrelated or negatively correlated to stocks (bonds zig when stocks zag, and vice versa). State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). The highest average federal employee salary for a racial group as of September 2022 was $113,410. The F Fund provides broad exposure to U.S. investment grade bonds. The worst drawdown since inception so far is -18.0%: There are many other mutual funds and ETFs tracking the same index used by the F Fund (the Bloomberg U.S. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. This page is NOT optimized for mobile devices. Drawdown: the peak-to-trough decline in investment or portfolio value, measured as a percentage between the peak and the trough. Follow Ralph on Twitter: @RalphSmith47. Thrift Savings Plan Talk For Federal Government Employees and Military Personnel. The much better news is that stocks have always gone back up without regard to hopes and expectations as to when that will occur. We share in-depth technical analysis with charts and . From the end of September 2018 through the end of September 2022, all of the categories in the chart had an increase in average federal pay. When comparing investments, a low standard deviation is preferable. The TSP Portfolio Tracker application was discontinued on December 31, 2020 and is no longer in service. It is adefined-contribution (DC)plan that offers federal employees many of the same benefits that are available to workers in the private sector. January 2022 was not as bad as March 2020. Stocks went up significantly on the last day of November after Federal Reserve ChairJerome Powellsignaled a potential slowdown in interest-rate increases. Less investment risk. 2023 Ralph R. Smith. What Went Wrong With the TSP Website Migration? We are outperforming the buy-and-hold strategy by +6.31%, nearly doubling its overall performance. In short, while the TSPs I Fund (international companies) is one of the smallest TSP Funds, there are years in which this Fund does better than those funds focusing on American companies. The S Fund still has the most dismal performance among the core funds for the year as it is down -20.63%. The TSP has 6.2 million account holders with a combined value in . If you have questions about your TSP account, you must contact the TSP for assistance. The smallest decline was in the L Income fund, which was -1.60% last month. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. maximizing returns on the Thrift Savings Plan are more important than . It manages a significant percentage of the S, F, and I Funds in the TSP. One TSP management advisor sees a growth recession ahead. The official TSP Mobile app is available to all TSP participants. Our Performance; Our Analysis; Our Allocations; Podcast; Live Charts. may not be reproduced without express written consent from Ralph R. Smith. In other words, stocks for companies outside of the United States may do better than American companies. Posted 11:38:12 AM. Every week we record a live video podcast discussing the the ups and downs of the market and what impacts there may be on your Thrift Savings Plan. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. A growth recession describesan economy that is growing at such a slow pace that more jobs are being lost than are being added. With the November performance factored in, all of the TSP stock funds are ahead of where they stood at the end of October. It is more beneficial to review how these TSP Funds have performed over a longer term, including the downturns of 2008 and 2022. As soon as the December 2022 TSP performance figures are available, we will keep readers up-to-date on how their TSP retirement assets did for the entire year. Measuring the quality of overall government services is difficult to quantify and data are not readily available. The F Fund provides broad exposure to U.S. investment grade bonds. Performance results before this date represent a hypothetical strategy backtest. The average salary is only for pay and does not include an amount for benefits. . (Non-Starters For A Claiming Price Of $40,000 Or . Critical race theory has been making headlines in passionate school board meetings and in schools. These funds are a mix of the five core TSP funds (G, F, C, S, and I). Terms of Use | L 2065 Fund. It invests about 30 percent in . About this app. Daily TSP also aggregates tons of reference fund information in an easy to navigate and . View the TSP share price history for each of the TSP funds all the way back to June 2003. The initial performance of the new website was, according to many readers, disappointing at best. TSP - Weekly summary of the TSP funds' performance; Take Our Poll. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? A FedSmith headline that month read: TSP Performance for September: Worst Nine Months for Stocks Since 2002. In most cases, you can only roll over funds when you change jobs . There are now about 3.3 million accounts. The U.S. government is the largest employer in the United States. A topic that has captured considerable interest among FedSmith readers in the past few months among Thrift Savings Plan (TSP) investors is the status and performance of the new TSP website. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. The Office of Personnel Management (OPM) keeps official statistics on this issue. 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. 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. As of this writing, the Bloomberg U.S. This article We chose this benchmark portfolio because the historical. This article The Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. Learn more, please visit our Cookie Statement page. A topic that has captured considerable interest among FedSmith readers in the past few months among Thrift Savings Plan (TSP) investors is the status and performance of the new TSP website. Politicians do not want to be blamed for inflation. QQQ includes shares from the top Nasdaq companies. Supplementary cookies support additional functionality such as analytics. The TSP is focused on continuous evaluation and introducing new innovations to improve participant outcomes and the overall participant experience. L 2050 Fund. TSP Website: Status on Improving Performance and Investor Satisfaction, US Marshals Hit With Major Ransomware Attack, Compromising Employee Info, Dismal 2022 TSP Performance: One Fund Down 26% for the Year, 2023 Starts With Strong TSP Performance: One Fund Up 8.25% So Far. For the year, the S Fund leads all other funds with a return of 9.01%. At the latest meeting of the Federal Retirement Thrift Investment Board (FRTIB) on February 28, 2023, the contractor for this project, Accenture Federal Services, provided an update on the status, in other words, what has been going on to improve the user experience with the website and what areas still need the most attention for improvement. Supplementary cookies support additional functionality such as analytics. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index Here are some of the highlights of participant transactions: At the end of the year, there are always more queries and interactions with the TSP Call Center. The year did not start off well. It may be an inherent bias is reflected in the headlines. L 2035 Fund. Use these calculators to see how various factors such as salary, TSP contribution rate, and other retirement income sources influence how much you need to save for retirement. Thrift Savings Plan (TSP) Summary of Returns. As the underlying philosophy of the Biden executive orders on race is to achieve equity (apparently this is equated with equal results for all groups rather than equal opportunity for achievement), the administration will presumably see the averages as evidence of a successful start in applying his executive orders on these issues to the federal governments workforce. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . Yes (71%, 591 Votes) No (29%, 247 Votes) Total Voters: 838 Loading . If you have questions about your TSP account, you must contact the TSP for assistance. At the end of October, the I Fund was still down -22.90%. . The White House Office of Management and Budget has given federal agencies 30 days to get TikTok off of government issued devices used by federal employees. L 2055 Fund. Standard deviation, also known as historical volatility, is used by investors as a gauge of the amount of expected portfolio volatility. If you want to move funds from a 401(k), 457(b), 403(b), or TSP account to a gold IRA, the process is called a gold IRA rollover. TSP investors using the website are using the digital, self-service channels. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. Neither growmytsp.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 any service being offered is not sanctioned by the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan. The percentage of Whites in the federal workforce is also lower over the last three years (-1.92%) while other racial groups are higher. Follow Ralph on Twitter: @RalphSmith47. The average maturity is 8.9 years, and the average duration is 6.7 years. Lets take a look at these in greater detail: Although there are several types of risks associated with the F Fund, the overall risk is relatively low, because the F Fund holds a very diversified portfolio of high grade (investment grade) bonds. Here are some of the improvements that are now being implemented: At the end of the presentation, FRTIB members asked several questions. Daily Notes; Blog. Ralph Smith has several decades of experience working with federal human resources issues. The Federal Retirement Thrift Investment Board has chosen as its benchmark the Standard & Poors 500 Stock Index, which tracks the performance of major U.S. companies and industries. With that in mind, we are unable to provide support with respect to issues with the charts below. This is the only category that was lower than the overall average. Summary: The TSP L 2030 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. All rights reserved. Will this impact TSP investments? Get free TSP fund updates via email. The C Funds November performance was up 5.58%the 2nd best performance among the TSP core funds in November. Federal government websites often end in .gov or .mil. 2023 FedSmith Inc. All rights reserved. The best app for tracking the TSP funds and your account performance. An initial investment of $1,000 in 1990 would be worth $16,355 today [1]. 04/30/21: Prior Prices : Fund: G Fund: F Fund: C Fund: S Fund: I Fund: Price : 16.5744 20.655: 62.5284: 83.3603: 37.769 . S-349, to include positions that may be performed by telework in a hiring preference for federal jobs for a spouse . The .gov means its official. However, in practice the difference is not significant, because the TSP funds have extremely low expense ratios (0.027% per year as of this writing). But the common stocks of the C Fund continued their downward trajectory, finishing the May reporting window 1.65% in the red. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? Leading the charge was the Thrift Savings Plan's S Fund, which is composed of small- and mid-size businesses and gained 10.32% last month. Focus on active risk management and capital preservation. Sometimes, the real news is not reflected in headlines. The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. Will the labor market stabilize with more people returning to work? The TSP's target-date fund-like Lifecycle funds all had declining monthly returns in June. More than 12.2 million calls were handled by the ThriftLine center from September January. L 2030 Fund. 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. The federal government's Thrift Savings Plan is a federally defined contribution retirement account similar to a civilian 401(k). The performance of the C Fund is evaluated on the basis of how closely its returns match those of the S&P 500 Index. A new rule from the Department of Labor requires considering climate change when investing retirement assets. By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. 2023 Ralph R. Smith. An analysis of recent data suggests the Biden administrations focus on racial equity may be working to reduce federal pay raises for White employees. 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. All of the current and historical daily share prices for the Thrift Savings Plan (TSP) are listed below. Accenture stated that the industry standard of participant satisfaction is 80%. 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. So far this year, the G Fund has gained 1.15% in value. The data show a significant difference between this racial category and others. Yes, you can visitFedSmith.comorTSPDataCenter.comanytime to subscribe to this email list. *Note: TSP share prices are updated by approximately 8 pm EST each evening; however, heavy trading days or technical issues sometimes delay the posting of share prices until later . Federal government websites often end in .gov or .mil. Then, in a surprise to many investors, prices rebounded and stocks had a great yearrewarding those who bought stocks during the downturn or held on to their stocks for the duration. Explore the new TSP experience redesigned to help you manage your retirement savings with new features and tools, flexible access to My Account, additional options for support from TSP representatives, and more transactions you can complete smoothly and securely online. Overall, the average federal salary increased by 11.41% for the workforce from September 2018 September 2022. It is too soon to say that the TSP Funds are in a bull market. March 3, 2023. An official website of the United States government. Many bond investors consider these funds to be their core bond holding (since they invest in all segments and maturities of the fixed income market). To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. Weight, 120 Lbs. 401(k) 403(b) or governmental 457(b) plans Roth IRA; Thrift Savings Plan ; Traditional IRA; Although the deadline has passed to contribute to most retirement accounts, there's still time to add . 2023 FedSmith Inc. All rights reserved. She noted a disinflationary episode is now unfolding and that the mad dash to rebuild inventories in companies is now over. - Personal Investment Performance (PIP) computation. You can join other TSP participants on our popular TSP . The reality is that inflation is still a problem. The TSP Folio strategy has been consistently profitable, with a compound annual growth rate (CAGR) of 9.0%. The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by . Also, the the latest data published by OPM are for September 2022, so using the end of September provides a cleaner comparison year-to-year. It aims to achieve a moderate to high level of growth with a low emphasis on preservation of investment . The revised version of the TSP website was released in June 2022. 2022 TSP fund performance was dismal. Summary: The TSP L 2025 Fund is a "fund of funds" invested in the TSP G, F, C, S, and I Funds. The fund uses a "passive management" (indexing) investment approach, designed to match the performance of the Bloomberg U.S. For this chart, I have used the end of September for each years data. Investment in the C Fund offers the opportunity to experience gains from equity ownership of large and mid-sized U.S. company stocks. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs?