TSP Funds Recovered Financial Balance in August
The Thrift Savings Plan (TSP), the federal government's 401(k)-style retirement savings program, saw a significant boost in August, marking the first increase since January.
The common stocks of the C Fund, a popular choice among TSP investors, grew by 2.03% in August, expanding its gains since January to 10.76%. This strong performance has contributed to the overall positive outlook for the TSP.
The G Fund, composed of government securities, also saw growth, gaining 0.37% in August. Since January, the G Fund has grown 2.98%, providing a steady and reliable return for those who prefer a more conservative investment strategy.
The international (I) fund experienced a substantial increase of 3.95% in August, boosting its returns for the year to 21.50%. This impressive growth has made the I Fund an attractive option for investors seeking international diversification.
The L Income Fund, designed for retirees, increased 1.12% in August. For the year 2021, the L Income Fund has grown 6.24%, offering a steady stream of returns for those in retirement.
The L 2055 Fund, aimed at individuals retiring in 2055, has grown 14.19% for the year 2021. The L 2060, L 2065, and L 2070 Funds also have 14.19% year-to-date returns, reflecting a consistent trend of growth across the L Funds.
The L 2075 Fund, which launched in July, does not yet have year-to-date returns.
The fixed income (F) fund finished August with a 1.19% increase, providing a steady return for those seeking a more conservative investment. For the year 2021, the F Fund has increased by 4.99%.
The small- and mid-size businesses of the Thrift Savings Plan's S Fund gained 4.08% in August, effectively doubling its gains for the year. This strong performance has made the S Fund an attractive option for investors seeking exposure to the domestic small- and mid-cap market.
The L 2040 Fund, designed for individuals retiring in 2040, has increased 11.37% for the year 2021. The L 2045 Fund has grown 11.93% for the year 2021, reflecting a strong performance across the L Funds.
In August 2021, under the responsibility of the Federal Retirement Thrift Investment Board (FRTIB), the TSP program maintained an optimal organizational structure for efficient and effective operations without large-scale workforce reductions. This ensures that the TSP continues to serve its participants effectively.
The L 2030 Fund grew 10.04% so far this year, and the L 2035 Fund has grown 10.71% for the year 2021. These strong performances demonstrate the TSP's ability to generate returns for its participants, even in challenging economic conditions.
Overall, the Thrift Savings Plan has experienced a strong month of growth in August, with many of its funds posting impressive returns. This positive trend bodes well for the future of the TSP and its participants.
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