The Thrift Savings Plan rebounded last month from a June dip. That’s good news for your retirement account.
Kim Weaver is the Director of External Affairs at the Federal Retirement Thrift Investment Board. She told Chris Dorobek on the DorobekINISDER program that all TSP funds posted in positive territory for the first time since April.
“Some funds boasted their biggest monthly increases of the year,” said Weaver.
“With the exception of the F-fund, the equity funds are doing very well. Even the International I-Fund which has been challenged by stuff going on overseas is still holding its own,” said Weaver.
This month the TSP Board also met with the company that manages the funds for the TSP, Black Rock.
“What they aim to do is match exactly the S&P 500 or underlying index and not exceed it. We don’t want to exceed it because to exceed the index means you are taking more risk than you might otherwise take,” said Weaver, “So there is a real art and skill to picking the stocks that are representative of how a sector will act.”
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