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After a rocky start to the year, the major TSP stock funds soared in February, reflecting new records in stock indexes around the world, with the stock C fund (large cap) posting a 5.34% gain. , S Fund (Small Caps) recorded an increase of 5.34%. It rose 6.03%, while the International I Fund rose 2.74%.
Over the past 12 months, these funds have gained 18.93, 30.41, and 15.19 percent, respectively. Government Securities G Fund rose as usual in his February, gaining 0.33%, bringing his 12-month gain to 4.28%.
After a similar rise in January, the G Fund rose 0.33%, but only the Bond F Fund fell 1.41%, as yields appear to have remained higher for longer than expected (as yields fall, bond prices F fund price will also rise)).
Lifecycle L Fund’s February returns are as follows: Income, 1.29. 2025, 2.96; 2030, 2.74; 2035, 2.96. March 20, 2040. 2045, 3.41. 2050, 3.62; and 2055, 2060, and 2065 funds, mostly stocks, all rose 4.48%.
As of the end of 2023, just under 117,000 TSP investors had more than $1 million in their accounts, an increase of about 40,000 over the year, and are looking to make up for losses in 2022 with equity-based investment funds. This is also due to the recovery in the same year. .
This number represents about 2% of account holders and was higher than the previous high of about 113,000 reported quarterly at the end of 2021. The figure at the end of 2022 was approximately 77,000 people.
The average FERS balance is approximately $176,000 and the average CSRS balance is approximately $198,000.
As previously reported, the TSP now has more than 7 million account holders for the first time in its history, and data presented at the TSP Board’s February meeting also shows that in January Investment amount set a record of $849 billion. .
Of the 7,007,504 accounts, a little more than 4 million are held by current, retired, or separated FERS employees. Approximately 250,000 of them are under CSRS. Approximately 1.4 million current or former military personnel under the “Blended Retirement System,” which includes automatic enrollment in the TSP. and nearly 1.3 million military accounts under the former military retirement system. (An additional approximately 40,000 inherited accounts remain intact.)
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