All of the funds in the Thrift Savings Plan made gains in January. Yuichiro Chino / Getty Images
All TSP Portfolios Started Strong in 2023
Every fund in the federal government’s 401(k)-style retirement savings program posted gains in January.
After a tumultuous 2022, the federal government’s 401(k)-style retirement savings program began this year on strong footing, with every offering finishing January in the black.
The small- and mid-size businesses of the Thrift Savings Plan’s S Fund were the top performer, gaining 10.82% in January, while the international (I) fund increased 8.43% last month.
The common stocks of the C Fund also had a strong showing last month, increasing 6.28%. The fixed income bonds in the F Fund finished January 3.25% in the black.
And the government securities (G) fund gained 0.34% in January.
Each of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, also posted gains last month. The L Income Fund, intended for participants who have already begun making withdrawals, increased 2.26%; L 2025, 3.28%; L 2030, 4.87%; L 2035, 5.33%; L 2040, 5.78%; L 2045, 6.17%; L 2050, 6.54%; L 2055, 7.62%; L 2060, 7.62%; and L 2065, 7.63%.