[vc_row][vc_column width=”2/3″ el_class=”section section1″][vc_column_text]October was not a kind month to Thrift Savings Plan portfolios. Most of the funds for the federal government’s 401(k)-like retirement savings program fell, echoing the financial markets own downturn.
The only TSP fund to gain in the month was the G Fund, which is comprised of government securities and saw a 0.26 percent increase. For 2018, it’s an increase of 2.38 percent.
-The S Fund, which is made up of small to mid-size companies, saw the greatest drop at 10.06 percent. This means the portfolio is in the negative for 2018 at 0.30 percent.
-The I Fund, or international funds, dropped 7.64 percent and its total losses for 2018 is 8.92 percent.
-The C fund, or common stocks, dropped 6.84 percent but is still up 2.98 percent for 2018.
-The F fund, or fixed income stocks, dropped 0.78 percent with its losses hitting 2.26 percent for the year.
- Also Read: 3 Reasons Certain Federal Employees Can Retire Years Earlier Than Their Peers Without Penalties
- Also Read: CSRS Retirement in 2024: Are You Making the Most of What This Classic Plan Has to Offer?
- Also Read: Roth IRA Basics for Beginners: What’s There to Learn?
The lifecycle funds (L funds), which moves investments to more steady portfolios as people get closer to retirement, also decreased in value. The L Income fund for people already withdrawing money lost 1.40 percent. The L2020 saw a 2.24 percent loss, the L2030 saw a 4.60 percent loss, the L2040 loss was 5.54 percent and, lastly, the L2050 dropped a whopping 6.35 percent.
Since the start of 2018, the L Income Fund increased 1.52 percent with the L2020 and L2030 seeing increases of 1.21 percent and 0.12 percent respectively. For the L2040 and L2050 Fund, there has been a decrease of 0.35 percent and 0.74 percent respectively.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”34225″ img_size=”292×285″ style=”vc_box_shadow”][/vc_column][/vc_row]
