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Summary of contents
- You won’t miss out with TSP funds
- New L 2070 Fund launches July 26
- No waiting period required between withdrawal requests
- Free TSP webinars
- Lock your account to prevent fraudulent withdrawals
- Second quarter statements in My Account
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You won’t miss out with TSP funds
When a single stock soars, you might feel the fear of missing out on a big opportunity. Just remember that with a diversified portfolio of TSP funds, you’re likely already benefiting from the rise of those high-flying stocks.
That’s because four of the five individual TSP funds are index funds, which means they contain hundreds of investment holdings—securities such as stocks and bonds. The true beauty of this broad market diversification is that your investment risk gets spread out and balanced among all those holdings.
So if one company’s stock skyrockets, and you’ve invested in an index fund that includes holdings in that company, then your earnings will likely increase too. If a single stock does poorly, other funds that are performing better will help balance the effect.
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Take the TSP’s C Fund (Common Stock Index Investment Fund) for example. Designed to track the Standard and Poor's 500 (S&P 500) Index, it includes these top ten holdings (notice any familiar companies?):
S&P 500 Top Ten Holdings
as of December 31, 2023
- Apple, Inc. (AAPL)
- Meta Platforms, Inc. Class A (META)
- Microsoft Corp. (MSFT)
- Alphabet, Inc. Class C (GOOG)
- Amazon.com, Inc. (AMZN)
- Tesla, Inc. (TSLA)
- Nvidia Corp. (NVDA)
- Berkshire Hathaway, Inc. Class B (BRK.B)
- Alphabet, Inc. Class A (GOOGL)
- JPMorgan Chase & Co. (JPM)
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Remember, our low-cost TSP funds are designed specifically to maximize participants’ retirement income, and only TSP participants can invest in them. You can choose your own mix of investment options. Or, if you want an option that adjusts automatically to manage risk over time, consider the Lifecycle Funds (L Funds). |
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New L 2070 Fund launches July 26
Starting July 26, 2024, we will introduce a new Lifecycle Fund—the L 2070. This fund is specifically designed for TSP participants who were born after 2004 and are beginning federal service.
Like all L Funds, the L 2070 Fund is tailored to your target retirement year, aiming to maximize asset growth during the early years of your career. As you approach your target retirement date, the fund’s investment mix will gradually shift to lower-risk assets, reducing exposure to market fluctuations.
By investing in a single L Fund, you can stay focused on your retirement goals without the need for constant rebalancing, all while benefiting from the power of compounding over time.
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No waiting period required between withdrawal requests
As of May 15, 2024, the TSP withdrawal process no longer requires a 30-day waiting period between withdrawal requests. Because you can now complete your withdrawal requests entirely online in My Account, we can process your requests more quickly.
Our goal is to make the TSP the best place for you to manage your retirement income, and we hope this change adds flexibility and convenience to your planning.
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Free TSP webinars
Thousands of TSP participants join our free webinars every month!
Our official TSP trainers host free webinars on a variety of TSP topics and always include time to answer your specific questions. We add new sessions throughout the year, so check frequently to find times that work for you.
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Browse all TSP webinars >>
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Lock your account to prevent fraudulent withdrawals
An account lock is the ultimate way to protect your TSP savings. When you place a lock on your account, we won’t process any new request related to loans or withdrawals. With an account lock, you can still access My Account normally, manage your savings, and change your TSP investments.
Log in to My Account to add an account lock. When you need to access your savings, you can unlock it at any time with a 10-digit key that you create.
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Second quarter statements in My Account
Your second quarter TSP statement covers account activity for April 1 – June 30, 2024. You'll receive an email when your statement is available online in My Account.
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Would you recommend content in this newsletter to a friend or colleague who has a TSP account? |
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Schedule for the Thrift Savings Planner
You'll receive your TSP newsletter by email in January, April, July, and October each year.
You can unsubscribe from the Thrift Savings Planner at any time.
View this email in your browser.
Contact us
Privacy
tsp.gov
ThriftLine Service Center
C/O Broadridge Processing
P.O. Box 1600
Newark, NJ 07101-1600
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