TSP Daily Valuation Up and Running

The Thrift Savings Plan, having been burned several times by setting goals for getting its new computer system running and then having to backtrack, launched the system on Monday (June 16) — with no advance announcement. The feature of greatest interest to many investors in the new system, which has been in the works for six years, is the change from monthly valuation to daily valuation of accounts. The change means that investors will be able to get account balances updated every business day rather than having to wait until a month’s end, and transactions such as loan and withdrawal requests and transfers of money among the TSP funds will occur much faster. Accounts now are being expressed in terms of numbers of shares owned and share price rather than just by a bottom-line dollar amount. Each of the five funds started with a share value as of June 1 of $10, although there already is variation among fund prices because of market performance since the start of the month.