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Most Federal Employee Retirement Funds Struggle to Start the Year

After a strong 2019, most portfolios in the federal government’s 401(k)-style retirement savings program ended January in the red.

The federal government’s 401(k)-style retirement savings program got off to a rough start in 2020, as most portfolios lost value.

The Thrift Savings Plan’s top performer last month was the fixed income bonds (F) fund, which gained 1.91% in January. And the G Fund, which is made up of government securities, increased 0.17% last month.

The common stocks of the C Fund saw a slight decline in January, losing 0.04%. The small- and mid-size businesses of the S Fund fell 0.62% to start the year, and the I Fund, which is composed of international investments, lost 2.73% in January.

Most of the TSP’s lifecycle (L) funds, which shift to more stable investments as participants get closer to retirement, also ended January in the red. The L Income Fund, which is designed for people who have already begun making withdrawals, gained 0.01%, making it the lone L Fund to gain value. The L 2020 Fund lost 0.02% last month; L 2030, 0.45%; L 2040, 0.59%; and L 2050, 0.71%.