Every month the DorobekINSIDER breaks down your Thrift Savings Plan. We want to know the funds faired, changes to your retirement process and trends in the funds.
So did March match February’s gains?
Kim Weaver is the Director of External Affairs at the Federal Retirement Thrift Investment Board. She told Chris Dorobek that March was a pretty good month for the TSP.
“Equity funds continue to do pretty well,” said Weaver.
“For people that were invested in equity funds in 2008 and 2009 and stuck with it they’ve seen all their losses erased and even some gains,” said Weaver. “If you can stomach it, you will want to set a steady course and overtime the stock market will perform.”
OPM and TSP Team Up to Track Funds
“We did a study of demographics. Our data doesn’t have all the information we needed so we had to data share with OPM. We focused on FERS participants because for FERS employees TSP participation is really required to get a decent retirement. The data showed:
- Steady and strong participation in FERF contributions.
- Across salary ranges people are participating in the 87% range.
- People are clustering around the 5-6% deferral rate.
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