NYPD officers walk along a sparsely populated Wall Street, in the Manhattan borough of New York, last week. John Minchillo/AP
TSP Portfolios Bounce Back after March Losses
All funds in the federal government’s 401(k)-style retirement savings program posted gains last month, as the stock market began to rebound from a historic fall.
The federal government’s 401(k)-style retirement savings program posted gains across the board last month, partially making up for a dismal March marked by market volatility.
The small- and mid-size businesses of the Thrift Savings Plan’s S Fund led the way, gaining 15.81% in April. Despite that increase, the fund is 16.78% in the red so far this year.
The common stocks of the C Fund grew 12.81% last month, but that was only good enough to bring 2020 losses down to 9.35%. The I Fund’s international investments increased 6.42% in April, leaving it 17.74% in the red for this year.
The fixed income bonds in the F Fund gained 1.78% last month, bringing its gains this year to 4.94%. And the G Fund, which is made up of government securities, increased 0.07% in April. So far this year, the G Fund has gained 0.47%.
The TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, all ended April in the black. The L Income Fund, for those who already have begun taking withdrawals, gained 2.52%; L 2020, 2.61%; L 2030, 6.71%; L 2040, 8.02%; and L 2050, 9.16%.
All of the L funds remain in the red in 2020. So far this year, the L Income Fund has lost 2.15%; L 2020, 2.76%; L 2030, 7.54%; L 2040, 9.17%; and L 2050, 10.63%.