The largest TSP account as of September was just under $6.5 million. Image: Arthimedes/Shutterstock.com
By: FEDweek StaffOnly about six-tenths of TSP account holders who had at least $1 million on investment at the start of the year now can say the same, with the number falling to 65,494 in the latest accounting, through September.
That’s down by some 7,000 from the count through June, by more than 47,000 from year-end 2021 and by about 33,000 over the 12 months since September 2021.
Compared to year-end 2021, the 81,557 with accounts between $750,000 and $1 million and the 187,615 between $500,000 and $750,000 are down by about 24,000 and 33,000, while the 513,037 with accounts between $250,000 and $500,000 are down by about 25,000.
The largest TSP account as of September was just under $6.5 million, while as of year-end 2021 the largest account — possibly, but not necessarily, the same one — was just under $11 million.
The TSP recently reported separately that through September the average account balance for those under FERS had fallen about $30,000 to about $150,000 at the start of the year, while the average CSRS investor account had fallen by nearly as much to about $169,000.
The TSP stock funds posted strong gains in October, however.
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See also,
FEHB: Federal Benefits Fast Facts
FEHB Open Season Ahead – Time to Shop
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January Retirement COLA Set: 8.7 Percent for CSRS, 7.7 Percent for FERS
FERS Retirement Planning Bundle: 2022 FERS Guide & TSP Handbook
