Through October, the average balance for a FERS account holder was about $192,000 and for a CSRS account holder about $218,000—up about $16,000 and $21,000 year-to-date. Image: Vitalii Stock/Shutterstock.com
By: FEDweek StaffThe number of TSP account holders with at least $1 million in their accounts has increased from just under 117,000 to above 155,000 year-to-date, reflecting positive returns in the TSP’s stock-based funds.
The number through September 30 represents about 2 percent of what is now more than 7.1 million account holders, including both current and former federal and military personnel. The count had been just under 95,000 as of September 30, 2023.
To date this year, the number of account holders with between $750,000 and $1 million has grown by about 14,000 to about 122,000; those with $500,000 to $750,000 by about 20,000 to about 245,000; and those with $250,000 to $500,000 by about 17,000 to about 592,000.
Through October, the average balance for a FERS account holder was about $192,000 and for a CSRS account holder about $218,000—up about $16,000 and $21,000 year-to-date.
Also through October, the common stock C fund—which accounts for 43.8 percent of money in the TSP, counting that fund’s share in the lifecycle L funds—was up 20.93 percent. The small company stock S fund (11.7 percent of investments) was up 12.35 percent and the international stock I fund (9.1 percent of investments) was up 7.31 percent.
FERS and Social Security are Big, but You’ll Want a Fat TSP, writes John Grobe:
It’s not uncommon for a federal employee to feel that they can’t afford to contribute to the Thrift Savings Plan, or to say they can’t afford to increase their contributions. However, nothing is more important to a comfortable retirement than a large TSP balance.
Workforce Policy, Agency Funding Decisions Still Pending as Congress Nears Exit
Open Season for 2025 Soon Coming to a Close
TSP to Offer In-Plan Roth Conversions in 2026
With Christmas Holiday on a Wednesday, Precedent is for Extra Time Off
TSP Millionaire Count Grows by Nearly 40,000 Year-to-Date
Medicare Announces Increases in Premiums, Deductibles for 2025
Early Marker Set for 2026 Raise: 3.8 Percent
Legal Challenges Expected as Trump Workforce Plans Take Shape
See also,
Open Season Brings Premium, Coverage Considerations
Best States to Retire for Federal Retirees: 2024
Is 2025 the Year to Open an HSA?
Are you Ready for Your Federal Retirement Under FERS
