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Shows & Panels
Time for TSP spring cleaning?
Monday - 4/18/2011, 3:48pm EDT
Federal News Radio
Once a year, Thrift Savings Plan participants should check their allocations are not "out of whack," said Tom Trabucco, director of external affairs for the Federal Retirement Thrift Investment Board.
"For folks who are looking to rebalance their accounts, they should be (doing so) periodically. Once a year in spring is good a time as any," Trabucco said.
Participants can do two things:
- Make an interfund transfer. This can be done easily online. Trabucco said 97 percent of interfund transfers are done through the TSP website.
- Change the allocation on new contributions. Trabucco said this can also be done through the website.
Trabucco said allocations have remained "pretty steady." However, March was a "banner month" for rollovers into the TSP plan either from IRA or 401(k) plans, with $101 million, he added.
Current allocation percentages are:
- 41 percent in the G Fund
- 6 percent in the F Fund
- 25 percent in the C Fund
- 9 percent in the S Fund
- 7 percent in the I Fund
- 12 percent in the L Funds
TSP safe from budget talks
Federal pay and benefits have come under attack from lawmakers in the budget battle, but the TSP seems to be in a "safe harbor," Trabucco said. TSP has support from both sides of the political aisle, he said.
"We walk, talk and produce results just like the 401(k) plans people are participate in in the private sector," Trabucco said.