September was a positive month for your TSP. For just the third time all year, all funds in the Thrift Savings Plan ended on a positive note.
“After the worst August in nine years, stocks kicked off September with a big rally, and the gains continued for the rest of the month,” Tom Trabucco, director of external affairs at the Thrift Savings Board said.
The S fund saw the biggest gain, with more than 11 percent. The I fund came in second, with an almost 10 percent boost. Both funds posted losses in August. The F and G funds tied for the smallest September gains: both under one percent.
On their website, the TSP reminds members the L 2010 Fund reached its time horizon on July 1 and will close on December 31. “If you have investments in the L 2010 Fund, they will be moved to the L Income Fund on December 31.” You don’t have to do anything, but if you might want to consider changing your contribution allocation or do an interfund transfer.
Before you do that, however, certified financial planner Arthur Stein has a few tips for reviewing your TSP. You can find those by clicking here.
In the meantime, enjoy the good news!
“If things keep performing like this, we’ll be able to put that financial meltdown and real estate bubble past the rear-view mirror and start moving forward again,” Trabucco said.
For all the figures for the month from the TSP, go to TSP.gov
(Copyright 2010 by FederalNewsRadio.com. All Rights Reserved.)