TSP funds touts well-rounded gains in March

Each of the portfolios in the federal government’s 401(k)-style retirement savings program posted solid gains last month, shaking off some mixed performances at the start of 2024.

In March, the international stocks of the Thrift Savings Plan’s I Fund had the best showing, increasing 3.36%. So far this year, the I Fund has grown 5.96%. The small- and mid-size businesses in the S Fund finished just behind, gaining 3.33% last month for total gains of 6.92% since January.

The C Fund’s common stocks increased 3.22% in value last month, good for a 10.55% total increase so far in 2024. And the fixed income fund, which was the only portfolio still in the red last month, gained 0.87% in March. But thus far this year, the F Fund remains down 0.74%.

The G Fund, which is made up of government securities, grew by its statutorily mandated rate of 0.38%. Since January, the G Fund has grown 1.05%.

Each of the TSP’s lifecycle funds, which shift toward more conservative investments as participants get closer to retirement, finished March in the black. The L Income Fund, designed for people who have already begun making withdrawals, gained 1.15%; L 2025, 1.39%; L 2030, 2.16%; L 2035, 2.33%; L 2040, 2.50%; L 2045, 2.65%; L 2050, 2.79%; L 2055, 3.26%; L 2060, 3.26% and L 2065, 3.26%.

Since the beginning of 2024, the L Income Fund has grown 2.82%; L 2025, 3.43%; L 2030, 5.38%; L 2035, 5.79%; L 2040, 6.22%; L 2045, 6.58%; L 2050, 6.95%; L 2055, 8.38%; L 2060, 8.38%; and L 2065, 8.37%.