After three straight months where nearly every fund in the federal government’s 401(k)-style retirement savings program lost value, all funds finished last month in the black.
A previous effort to move the I Fund to a broader benchmark index, which included investments in Chinese corporations, met opposition from the Trump administration and Republican lawmakers.
The federal government’s 401(k)-style retirement savings program will use the entire two-year “transition period” to implement new rules governing how older workers can make catch-up contributions as they approach retirement.
The global campaign promoted by the International Organization of Securities Commissions aims to raise awareness about the importance of investor education and protection.
For the second straight month, the vast majority of the portfolios in the federal government’s 401(k)-style retirement savings program declined in value.
The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month.
This would mark the third straight year that the federal government’s 401(k)-style retirement savings plan and similar private sector programs see a boost in their annual contribution limits.
When you were first hired, your retirement benefit may have been described to you as a three-legged stool: pension, Social Security, and TSP savings. One financial planner advises feds not to shortchange the last leg.