Thrift Savings Plan I Fund Monthly Returns Monthly Analysis: Thrift Savings Plan Monthly Returns (2024)

FAQs

What is the monthly return on the TSP G fund? ›

Thrift Savings Plan G Fund Monthly Returns is at 0.41%, compared to 0.35% last month and 0.31% last year. This is higher than the long term average of 0.37%.

Basic Info. Thrift Savings Plan S Fund Monthly Returns is at -6.46%, compared to 3.33% last month and -2.18% last year. This is lower than the long term average of 0.83%.

Regular TSP

To make equal contributions over the course of the 2024 calendar year (for 26 pay periods), you should contribute $885 each pay period. You should enter your election of $885 into myPay during December 3 – 9, 2023, and your election should be effective on December 17, 2023, the first pay period for 2024.

The G Fund is invested in U.S. Treasury securities specially issued to the TSP. Payment of principal and interest is guaranteed by the U.S. government. Thus, there is no “credit risk.”

Compared to other TSP investment funds, the G Fund provides the highest degree of security and stability. While other TSP funds, such as the C, S, I, F, and L funds, involve varied levels of risk associated with stock and bond markets, the G Fund's returns are not subject to market volatility.

If you expect that your current tax rate is lower than your tax rate will be in retirement, then investing in the Roth TSP may be better. On the other hand, if you expect that your tax rate in the future will be lower, then investing in the Traditional TSP makes more sense.

There is no such thing as too much money in the Thrift Savings Plan. If you want your TSP balance to be able to generate an inflation-indexed annual income of $10,000, most financial planners will suggest that you have a $250,000 balance at the time you retire.

Age 40—three times annual salary. Age 45—four times annual salary. Age 50—five times annual salary. Age 55—six times annual salary.

Staying with the TSP

You can keep your TSP account after you separate from federal service as long as you have a vested balance of $200 or more. Many participants choose to keep their money in the TSP because of the TSP's low-cost funds.

Is TSP better than 401k? ›

TSPs and 401(k) plans are alike in giving employees tax advantages over other approaches to saving for retirement. For federal employees, TSPs' automatic contributions, higher employer matches and low fees probably make them a superior choice.

Therefore, 5% of your basic pay is the absolute minimum you should contribute to collect the full agency matching contributions.

Annuity purchase

You can use all or part of your TSP account to purchase a life annuity through our outside vendor. Purchasing an annuity means that you pay now to receive monthly payments for the rest of your life (or, if you choose a joint life annuity, for the lives of you and your joint annuitant).

Total TSP assets at the end of 2023 were $845 billion. 4,060,009 FERS TSP accounts with an average account balance of $175,692. To compare, the average 401(k) balance based on 4.9 million defined contribution retirement plans was $112,572 at the end of 2022, according to Vanguard's 2023 analysis.

Interest Rate and Repayment Terms of a TSP Loan

The current interest rate is 4.375% (April 2024). TSP will notify your payroll office and start payroll deduction based on the repayment period you selected. However, it is your responsibility to ensure payments start within 60 days.