Thrift Savings Plan G Fund Monthly Returns Monthly Insights: Thrift Savings Plan Monthly Returns (2024)

FAQs

Thrift Savings Plan G Fund Monthly Returns Monthly Insights: Thrift Savings Plan Monthly Returns? ›

Basic Info. Thrift Savings Plan G Fund Monthly Returns is at 0.38%, compared to 0.33% last month and 0.35% last year.

The TSP C-Fund which approximates the S&P 500, has had an average annual 12.29 percent gain between 1988 and 2020; the TSP F-Fund, a broad index representing the U.S. bond market, has had an average annual 6.29 percent from 1988 to 2020; and the G-fund, long term U.S. Treasury notes, has had an average annual of 4.70 ...

The TSP is not necessarily better or worse than other retirement plans. It is a retirement planning option for government employees and servicemembers similar to those available to employees in the private sector.

Interest Rate and Repayment Terms of a TSP Loan

The current interest rate is 4.375% (April 2024). TSP will notify your payroll office and start payroll deduction based on the repayment period you selected. However, it is your responsibility to ensure payments start within 60 days.

Basic Info. Thrift Savings Plan G Fund Monthly Returns is at 0.38%, compared to 0.33% last month and 0.35% last year. This is higher than the long term average of 0.37%.

If you choose to invest in the G Fund, you are placing a higher priority on the stability and preservation of your money than on the opportunity to potentially achieve greater long-term growth in your account through investment in the other TSP funds.

Stable-value funds' roughly 2% yield advantage on an annual basis over money market funds has resulted in cumulative returns over that almost 20-year period of about 65% for TSP G Fund and stable value funds and 21% for money market funds.

By starting early, contributing regularly, investing in a diversified portfolio, taking advantage of catch-up contributions, and considering the impact of taxes, you can maximize your retirement savings and enjoy a comfortable retirement.

There is no such thing as too much money in the Thrift Savings Plan. If you want your TSP balance to be able to generate an inflation-indexed annual income of $10,000, most financial planners will suggest that you have a $250,000 balance at the time you retire.

What are the disadvantages of Thrift Savings Plan? ›

However, it's essential to be aware of the drawbacks, such as limited investment flexibility, early withdrawal penalties, RMD requirements, and basic financial education resources. When considering the TSP, take time to assess how well it aligns with your financial goals, risk tolerance, and long-term retirement plans.

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.

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.

Apart from employee contributions, TSP participants also receive agency/service matching contributions up to a specific limit to boost their retirement savings. You should contribute a minimum of 5% of your basic pay each pay period; this is the percentage needed to obtain the full agency matching contribution.

There is no such thing as too much money in the Thrift Savings Plan. If you want your TSP balance to be able to generate an inflation-indexed annual income of $10,000, most financial planners will suggest that you have a $250,000 balance at the time you retire.

Basic Info. Thrift Savings Plan L Income Fund Monthly Returns is at 1.15%, compared to 1.29% last month and 1.05% last year. This is higher than the long term average of 0.36%.