Monthly Archives: January 2013
The C Fund and F Fund turned 25 this month. The funds first opened and began accepting investments in January 1988, and they have been growing ever since. While the Thrift Savings Plan turned 25 last April, it only had one investment option in the first year: the G Fund. The C Fund and F Fund turned out to be slightly more complicated to implement than originally expected, thus accounting for the slight age difference. As of the end of … moreComments Off on Happy 25th Birthday C Fund and F Fund!
As a further update to a previous post, TSP management has confirmed that Mr. Long continues to serve as Executive Director. Although the online December FRTIB meeting agenda mentioned an Acting Executive Director, TSP managers relayed that Mr. Long was in attendance at the December Board meeting as Executive Director, and this should be reflected in the December meeting minutes to be posted any day now. TSP managers also noted that the January FRTIB meeting agenda – which again listed an “Acting Executive Director” at the January 28th board meeting – was … moreComments Off on TSP Senior Management Back To Normal
While it is easy to get excited about the positive performance of the TSP stock funds and lifecycle funds of late, other issues such as sequestration and the end of the current continuing budget resolution are just weeks away. Sequestration is due to take effect at the beginning of March. On Sunday, the chairman of the House of Representatives Budget Committee said he thought “the sequester is going to happen.” Readers of this forum know first-hand how agencies are scrambling … moreComments Off on Back To Basics
As most TSP participants have heard, the Treasury Secretary announced in late December that one of the steps the Treasury Department “may” take as the country hit the debt ceiling was the suspension of interest payments to the TSP’s government securities G Fund: “Treasury may…suspend the daily reinvestment of the Treasury securities held by the Government Securities Investment Fund (G Fund),” he stated in his notification to Congress. Payments are to be made whole after the debt ceiling has been … more1 Comment
This is purely a hypothetical question right now, but TSP administrators announced earlier this month that they will study the steps necessary to implement an option that would allow participants to convert their current regular TSP holdings into a Roth TSP account, after paying the required taxes to do so. The announcement read: “The President approved the American Taxpayer Relief Act of 2012, on January 2, 2013. This law allows the TSP and other qualified plans to give participants the … more5 Comments