After a lackluster May in which most offerings lost value, every fund in the federal government’s 401(k)-style retirement savings program grew last month.
Following a May in which most of the federal 401(k)-style retirement savings program's funds lost value, all offerings in the Thrift Savings Plan rebounded last month.
The common stocks of the C Fund led the way, gaining 7.04% in June. Since January, the C Fund has grown 18.53%. The small- and mid-size businesses of the S Fund increased 6.8%, bringing its 2019 growth to 19.48%.
The I Fund, which is made up of international investments, increased 5.94% last month. So far this year, it has grown 14.42%. The fixed income bonds in the F Fund grew 1.26% in June, bringing its 2019 gains to 6.11%.
The G Fund, which is made up of government securities, increased 0.19% last month, for a 2019 total of 1.28%.
All portfolios in the TSP’s lifecycle funds, which shift toward more stable investments as participants get closer to retirement, also increased in June. The L Income Fund, designed for people who already have begun making withdrawals, grew 1.57% last month; L 2020, 2.04%; L 2030, 4.11%; L 2040, 4.87%; and L 2050, 5.52%.
So far this year, the L Income Fund increased 4.70%; L 2020, 6.08%; L 2030, 11.03%; L 2040, 12.96%; and L 2050, 14.60%.
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