Here are the rankings from highest to lowest average federal pay by racial category: As is usually the case, the average salary in the Washington, DC area is one of the highest averages for federal pay averages in the nation at $130,802. QQQ, or the Invesco QQQ Trust, is an exchange-traded fund that trades on the Nasdaq under the symbol QQQ. No. For November though, the S Fund gained 3.59%. For those with more interest in the impact of locality pay on federal pay, this article provides a comparison of average federal salary levels among several locality pay areas. The data show a significant difference between this racial category and others. Ralph Smith has several decades of experience working with federal human resources issues. 2023 FedSmith Inc. All rights reserved. The S&P 500, however, remains in a bear market. A good investment strategy aims to minimize drawdowns. Virtual Assistant Sessions: 1,034,641 Live Chat Sessions: 43,561, E-mail: 59,527 Funded Mutual Fund Window Accounts: 2,821, Transactions completed using e-Signature: 748,396, More than $2.6 billion in loans have been processed since June 1, 2022, More than $18.3 billion in withdrawals have been processed since June 1, 2022, More than 3 million participants have successfully established new online accounts. Investors who stay invested for the long haul generally do better in the TSP stock funds than in a conservative investment such as the G Fund. A retirement portfolio that contains an allocation to bond funds like the TSP F Fund, in addition to stock funds like the TSP C, I, and S funds, will typically be less volatile than one that contains only stock funds. The performance of the C Fund is evaluated on the basis of how closely its returns match those of the S&P 500 Index. The Dow Jones Industrial Average is up more than 20% since September 30th. If youre covered by theCivil Service Retirement System (CSRS)or are a member of theuniformed services, the TSP supplements CSRS annuity or military retired pay. Performance expectations were met in four of the last six months. The indexes we use do not account for fund expenses, so earlier returns for both the benchmark portfolio and TSP Folio strategy will be slightly higher. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index More TSP fund performance data are available at TSPDataCenter.com. may not be reproduced without express written consent from Ralph R. Smith. At the latest meeting of the Federal Retirement Thrift Investment Board (FRTIB) on February 28, 2023, the contractor for this project, Accenture Federal Services, provided an update on the status, in other words, what has been going on to improve the user experience with the website and what areas still need the most attention for improvement. At the end of October, the I Fund was still down -22.90%. The program continues to consistently achieve key contract performance measures. Follow Ralph on Twitter: @RalphSmith47. An investor following the TSP Folio strategy typically enters the rebalancing orders on the last business day of the month, after the market close, or on the next business day. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Through the TSP Mobile app, you'll be able to access your TSP account on your deviceanytime, anywhere. The first TSP fund became available to investors in April 1987, and others followed in 1988 and 2001. The . In that same month, the S Fund went down 21.40% and the I Fund was down 13.87%. The F Fund was the only TSP portfolio in the red in 2021, declining 1.46%. By the end of January, the satisfaction rate was at 88.74%. One TSP stock fund was down 26%. Contains spam, fake content or potential malware. For decades, the drawdowns were in the 4-6% range, but during the high inflation and rising interest rate environment of 2022 that changed dramatically! As this is the index on which the C Fund is based, it dropped as well. Thrift Savings Plan (TSP) Coach. Will inflation get under control? We are outperforming the buy-and-hold strategy by +6.31%, nearly doubling its overall performance. Then, in a surprise to many investors, prices rebounded and stocks had a great yearrewarding those who bought stocks during the downturn or held on to their stocks for the duration. While the returns on the last day of January went up, for the month, the S&P 500 index experienced its worst monthsince March 2020. The initial performance of the new website was, according to many readers, disappointing at best. The F Fund provides broad exposure to U.S. investment grade bonds. All rights reserved. Federal Agencies Have 30 Days to Eliminate TikTok From Government Devices, TSP Performance Disappoints in February: Year-to-Date Returns Still Positive, Update on TSP Website Problems; All TSP Funds Have Negative Return With One Down 30%+. All of the data are from OPM. may not be reproduced without express written consent from Ralph R. Smith. This article free TSP Fund price and performance updates via email. The strongest growth rate is projected to be for China (5%) which is emerging from a massive lockdown due to Covid. InMarch 2020, the C Fund went down 12.40% in the month. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations . The number of older cases piled up. . The C Fund holds all the stocks included in the S&P 500 Index in virtually the same weights that they have in the index. Please enter your name and email address below: Send me TSP fund updates: Weekly Daily. A subscription site that offers TSP Fund quotes, investment, and allocation discussions for Federal and Military employees. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Popular examples include Vanguard's Total Bond Market Index Fund (VBMFX), Vanguard Total Bond Market ETF (BND), and iShares Core U.S. In other words, stocks for companies outside of the United States may do better than American companies. It is a defined contribution plan, similar to 401 (k) style retirement savings plans in the private sector. Ralph Smith has several decades of experience working with federal human resources issues. The official TSP Mobile app is available to all TSP participants. Point72 [] . 2022 TSP fund performance was dismal. Ralph Smith has several decades of experience working with federal human resources issues. Other areas of successful performance are: Based on comments from TSP investors using the new TSP website, there are other areas that have provided a source of complaints. The TSP Folio strategy was made available to subscribers on 8/30/2010. Get the latest TSP fund prices and performance, delivered straight to your inbox. Currently, there are about 6.2 million TSP account holders. The fixed income bonds in the F Fund lost 1.08% in value in February, bringing its performance since January down to -3.15%. That was the low point of the year for this stock index. For this column, FedSmith went back over a five-year period looking at the average federal employee pay in different categories. About this app. As TSP investors who pay attention are aware, stocks have already fallen dramatically. Even with two years of significant losses included (starting in 2008 and ending in 2022), TSP investors have done well with these stock funds over a 14-year period. TSP performance through the end of October 2022, the year to date and the past 12 months is listed below. Before sharing sensitive information, make sure youre on a federal government site. 2023 FedSmith Inc. All rights reserved. The show is a companion to written the TSP Weekly Update blog posts belowbut with added tidbits that are easier to communicate in audio/video. Sign up for free TSP Fund price and performance updates via email. As a result, this Fund is now down -12.32% for the year. The statistics for the call center have improved. More than 3.3 million participants have created their new My Account log-in information and 90% of all participant interactions are occurring through digital service channels. As always happens, many investors sold their stocks after they declined dramatically in price. Security and information technology service levels have all been met. At the monthly meeting of the FRTIB in February, State Street provided a summary of its economic outlook. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. To allow for a longer performance comparison, we extended the available TSP fund price history for the C, G, F, I, and S funds with their underlying index data. 2023 Ralph R. Smith. Weight, 120 Lbs. TSP Performance for September: Worst Nine Months for Stocks Since 2002, How is the Annual Federal Employee Pay Raise Determined? Blog Home; TSP Talk; Weekly Wrap Up; Intrepid Timer; Premium Services . An analysis of recent data suggests the Biden administrations focus on racial equity may be working to reduce federal pay raises for White employees. The TSP has 6.2 million account holders with a combined value in . March 2020, the C Fund went down 12.40% in the month, 2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More, Dr. Anthony Fauci Retiring With Large Annuity, Still Facing Criticism Over Performance at NIAID, Number of TSP Millionaires Going Down: 36% Drop From Highest Point, 10 Easy Ways to Ruin a Federal Retirement. The TSP Folio strategy has been consistently profitable, with a compound annual growth rate (CAGR) of 9.0%. Here is a summary of the number of interactions with the various channels: A large number of loans and withdrawal requests have been received and processed. It aims to achieve a moderate level of growth with a moderate emphasis on preservation of investment capital. January February March April May June July August September October November December 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 . And yet we turn around and observe actually that everything has gone up widely in price. An initial investment of $1,000 in 1990 would be worth $16,355 today [1]. FedSmith.com. With headlines like Inflation Highest in 40 Years, it does not take a political strategist to see that bad news like this could influence an election. TSP investors using the website are using the digital, self-service channels. L 2035 Fund. They are designed designed to let you invest your entire portfolio in a single L Fund and get the best expected return for the amount of expected risk that is appropriate for you. The S&P 500, the index on which the C Fund in the Thrift Savings Plan (TSP) is based, went up 3.1%. TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. It has no impact on or affiliation with your actual/official TSP account operated by the federal government. Harvest 2023 gross margins. Subscribe to our free email list to get our news updates in your inbox. Exacta ($1), Trifecta (.50), Super (.10), Double ($1) 6 & 7, Pick 3 ($1) (6-8) Grand Slam ($1) (6-9), Late Pick 5 (.50) (6-10) Aqueduct MAIDEN SPECIAL WEIGHT. The U.S. government is the largest employer in the United States. Presumably, this differential would have been even greater for White males as the average female salary for a federal employee went up 11.75% and the average male salary went up 11.32%. Follow Ralph on Twitter: @RalphSmith47. For example, on the lowest end of the scale, the lowest average salary for any racial group as of the end of September 2022 was for Black federal employees. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. A description of each of the TSP funds is here. L 2065 Fund. This was also complicated by an older demographic that is not as experienced in using a computer program to resolve issues and therefore may have to handle problems with a phone call. L 2030 Fund. C Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA. S&P 500 Index | spglobal.com, Asset manager(s) He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. The protestations have arisen fairly suddenly around a form of entertainment that has long had a place on the mainstream American stage.. Milton Berle, "Mr. Television" himself, was appearing in drag on the public airwaves as early as the 1950s on "Texaco Star Theater." "RuPaul's Drag Race" is a bona fide cultural phenomenon. It is now back in focus for federal employees. The Office of Personnel Management (OPM) keeps official statistics on this issue. Here is how inflation impacted prices of everyday items over a one-year period: It may take a few days for people to figure out the headlines are not necessarily accurate. In 2008, here were the yearly returns for the TSPs stock funds and how these same funds performed in 2009 after the debacle of 2008: There have always been ups and downs in the stock market. TSP Website: Status on Improving Performance and Investor Satisfaction, US Marshals Hit With Major Ransomware Attack, Compromising Employee Info, Dismal 2022 TSP Performance: One Fund Down 26% for the Year, 2023 Starts With Strong TSP Performance: One Fund Up 8.25% So Far. The outlook portrayed by State Street is in favor of value stocks (rather than growth) outside of the United States. Forgot your account number or user ID? Some TSP investors have done much better as they have continuously invested over time and a higher percentage of their investments were added after 2008. We recommend that you use these charts for quick reference. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified. The companies in the index represent 123 industries classified into the 11 major sector groups shown in the chart. may not be reproduced without express written consent from Ralph R. Smith. We chose this benchmark portfolio because the historical. TSP Share Prices . Privacy Policy | Daily TSP Performance. The best app for tracking the TSP funds and your account performance. L 2050 Fund. At the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. In most cases, you can only roll over funds when you change jobs . All rights reserved. President Biden cancelled an Executive Order on "race and sex stereotyping" with a new one to advance "equity across the federal government.". The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. Over the past 12 months, all of the TSP Funds, with the exception of the G and L Income Funds, have a negative return. Performance results before this date represent a hypothetical strategy backtest. When comparing investments, a low standard deviation is preferable. Seasonal Investing with the Thrift Savings Plan (TSP) Welcome, everyone! Drawdown: the peak-to-trough decline in investment or portfolio value, measured as a percentage between the peak and the trough. Based on the latest data, participant satisfaction is still below the goal of 90%. 2023 FedSmith Inc. All rights reserved. The TSP performance in October 2022 was up significantly with returns for some TSP funds above 8%. This column does not address that issue. The author explains the top three ways federal employees can ruin their retirements from her series 10 Easy Ways to Ruin a Federal Retirement. Subscribe to our free email list to get our news updates in your inbox. This continued until the markets broke in 2020 and the . The TSP 2023 Withdrawal Issues. With that in mind, we are unable to provide support with respect to issues with the charts below. Prior to the introduction of the new website, there were about 4.1 million online accounts. When comparing portfolios, a high Sharpe Ratio is preferable. Point72 Asset Management L.P. lowered its position in TuSimple Holdings Inc. (NASDAQ:TSP - Get Rating) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). All rights reserved. In January 2022, the C Fund lost 5.18%, the S Fund was down 10.07% and the I Fund was down 3.96%. Highlights cited by Accenture Federal Services in call center performance from February 7 February 20 include: The goal for participant satisfaction is 90%. That perspective will be of interest to TSP investors, especially as the company manages billions of dollars on behalf of the TSP. Well help you understand each fundtheir risks, rewards, and performance. The percentage of Whites in the federal workforce is also lower over the last three years (-1.92%) while other racial groups are higher. Aggregate Bond Index). The average return for the buy-and-hold strategy is +6.45% per year. Get free TSP fund updates via email. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. As readers have pointed out in comments, there is a large push to achieve equity based on race without comparable references to maintaining competence in providing government services. When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. Federal government websites often end in .gov or .mil. March 3, 2023. Aggregate Bond ETF (AGG). Daily charts with official TSP fund share prices; Live estimated share prices during market hours; Historical TSP fund performance, data, and charts . TSP Account Number. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? L 2025 Fund. A FedSmith headline that month read: TSP Performance for September: Worst Nine Months for Stocks Since 2002. However, in practice the difference is not significant, because the TSP funds have extremely low expense ratios (0.027% per year as of this writing). The latest TSP share price data is provided to you everyday! Please allow a few minutes for this process to complete. Over the past two years, we have read inflation is transitory, declining, improving, cooling, easing, abating, and actually slowing down. Overall, the average federal salary increased by 11.41% for the workforce from September 2018 September 2022. Job Id: 22600002Business OverviewAmericas Trade Services is a key unit within the Global TradeSee this and similar jobs on LinkedIn. Many bond investors consider these funds to be their core bond holding (since they invest in all segments and maturities of the fixed income market). The chart below compares the performance of the TSP Folio investment strategy to a buy and hold portfolio consisting of 40% stocks and 60% bonds [2]. $0.010/$1,000 account balance 0.001% (0.1 basis points). Their forecast for growth is that the United States will have a growth rate of 0.4% in 2023 and that the world growth in gross domestic product (GDP) will be 2.3%. At the end of September, the C Fund was down significantly. As noted in various articles such as this one, TSP investors experienced a wide range of problems and were quite vocal in expressing their displeasure with the experience. Login to the TSP Talk AutoTracker [more info] How to Create an Account : Top YTD Returns: Thru March 3 : talking2jets +14.86% : netforcer +14.78% : djlc86 . Looking at the February 2023 returns seems familiar and feels like a return to the inflation-influenced days of 2022. Accenture stated that the industry standard of participant satisfaction is 80%. 2022 TSP fund performance was dismal. To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. As of this writing, the Bloomberg U.S. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. The app pulls TSP daily prices and displays fund price changes for 5-day, 30-day, 90-day and 12-months to allow you to make informed decisions about your TSP account. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year. Here is a summary of improvements that are on-going and planned for the near future. In TSP Talk you will get information on each of the TSP funds including market analysis, TSP fund returns, and recommended TSP fund allocations. This will let you see the candle sticks better sometimes. March 2, 2023. Note: You can click the small square in the upper right hand area of the chart to expand view. Its right next to the down arrow. HR-1261, to have the TSP create a "corporate responsibility" investment fund. The goal for participant satisfaction is a satisfaction rate of 90%. This article Also, the the latest data published by OPM are for September 2022, so using the end of September provides a cleaner comparison year-to-year. Neither growmytsp.com nor any of its partners or representatives is in any way affiliated with the United States Government, The Federal Retirement Thrift Investment Board or the Thrift Savings Plan, and any service being offered is not sanctioned by the United States Government, the Federal Retirement Thrift Investment Board or the Thrift Savings Plan. Focus on active risk management and capital preservation. At the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. January 3, 2022. The G Fund, which is made up of government securities, was the only TSP fund to finish June in the black, gaining 0.29% last month. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? We use the TSP G Fund returns as our risk-free investment. It is free and will continue to operate for new and existing subscribers. She noted a disinflationary episode is now unfolding and that the mad dash to rebuild inventories in companies is now over. 401(k) 403(b) or governmental 457(b) plans Roth IRA; Thrift Savings Plan ; Traditional IRA; Although the deadline has passed to contribute to most retirement accounts, there's still time to add . The majority of current federal employees are under theFederal Employees Retirement System (FERS). Although the program got off to a strong start when we launched it, usage steadily declined over the last few years. TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. The racial group with the lowest average salary increase is for White federal employees with an average salary increase of 11.23% over this five-year period. More than 12.2 million calls were handled by the ThriftLine center from September January. Here is the breakdown of the satisfaction level in different areas for January: According to the Accenture briefing, service levels for a number of areas have been met each month since the new website was launched in June. Less investment risk. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. GAO has agreed to investigate the recent problems that have plagued the TSP since the launch of the new website and features in June. For the year, the S Fund leads all other funds with a return of 9.01%. The firm owned 154,397 shares of the company's stock after selling 31,200 shares during the period. An official website of the United States government. The C Fund's November performance was up 5.58%the 2nd best performance among the TSP core funds in November. Critical race theory has been making headlines in passionate school board meetings and in schools. Will this impact TSP investments? 90% of all interactions are now being handled through these channels. The exceptions are the G Fund with a 12-month return of 3.33%, and the L Income Fund with a 12-month return of 0.74%. The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies. Daily TSP also aggregates tons of reference fund information in an easy to navigate and . How will the war in Ukraine end? Your actual/official TSP account is accessible at the Thrift Savings Plan website. Will 2023 provide a similar return for investors? A new rule from the Department of Labor requires considering climate change when investing retirement assets. The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website. At that time, the C Fund was down 23.87% for the year. This list is from a chart presented at the FRTIB monthly meeting. Because it is a defined contribution plan, this means that the retirement income you receive from your TSP . We share in-depth technical analysis with charts and . In 2017, for example, the I Fund had a return of 25.42%doing better than any of the other TSP stock funds. Use these calculators to see how various factors such as salary, TSP contribution rate, and other retirement income sources influence how much you need to save for retirement. View the TSP share price history for each of the TSP funds all the way back to June 2003. 2023 FedSmith Inc. All rights reserved. It invests about 30 percent in . We will find out in January 2024 if 2023 was one of those years in which the relatively small I Fund does better than the others in the TSP portfolio. For example, for the TSP C Fund, we extended the available price history with the S&P 500 Total Return index. - Personal Investment Performance (PIP) computation. TSP performance in January 2023 flipped from what it was in January 2022. So far this year, the C . Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs?