Erich Wagner | September 1, 2017 | 0 Comments

TSP Returns Flat in August

All but two portfolios in the federal employee 401(k)-style retirement program saw downturns in growth in August, and two others dipped into the red.

The Thrift Savings Plan’s S Fund, made up of small to midsize businesses dropped 0.41 percent last month, bringing its 2017 growth down to 8.16 percent. And the international stocks in the I Fund decreased in value by 0.03 percent, for a year-to-date growth of 17.35 percent.

The fixed income (F) fund was the only portfolio to accelerate its earnings from its July performance, boasting an increase of 0.91 percent last month. Its total growth in 2017 now sits at 3.86 percent. The G Fund, made up of government securities, continued its steady pace with 1.55 percent growth in August, for a total of 2.19 percent since January.

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The C Fund’s common stocks increased 0.30 percent in August, bringing its yield for 2017 up to 11.93 percent.

The TSP’s lifecycle (L) funds, which shift investments toward more stable portfolios as people get closer to retirement, all grew at modest paces in August. The L Income Fund, designed for people who have already begun receiving annuities, grew 0.22 percent. L 2020 increased by 0.21 percent; L 2030, 0.19 percent; L 2040, 0.17 percent; and L 2050, 0.15 percent.

Since January, the L Income Fund has increased 3.92 percent; L 2020, 6.18 percent; L 2030, 8.74 percent; L 2040, 9.97 percent; and L 2050, 11.07 percent.

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