Traders work on the floor of the New York Stock Exchange at the opening bell on January 25. TIMOTHY A. CLARY/AFP via Getty Images
Almost all of the TSP’s Retirement Savings Funds Lost Ground in January
Only the government securities (G) fund grew last month.
The federal government’s 401(k)-style retirement savings program saw a rough start to 2022, as nearly every one of its portfolios lost value in January.
The small- and mid-size businesses of the Thrift Savings Plan’s S Fund saw the worst performance last month, falling 10.07%. The common stocks in the C Fund also bore the brunt of the falling stock market, losing 5.18%.
The international (I) fund lost 3.96% in January, while the fixed income bonds (F) fund fell 2.09%.
Of the TSP’s five core portfolios, only the G Fund, which is made up of government securities, finished January in the black. It increased 0.13% for the month.
Similarly, all of the TSP’s lifecycle (L) funds, which shift to more conservative investments as participants get closer to retirement, lost value last month. The L Income Fund lost 1.28%; L 2025, 2.37%; L 2030, 3.33%; L 2035, 3.68%; L 2040, 4.01%; L 2045, 4.32%; L 2050, 4.60%; L 2055, 5.41%; L 2060, 5.42%; and L 2065, 5.42%.