I will include the Government retirement investments - Thrift Savings Plan (TSP) in this blog. Only government employees including military and civilian personnel can participate this plan as their retirement investment. TSP is equivalent to the 401K in the private sector. The growth of TSP balance under management is rapidly and cannot be ignored.
TSP is the main source of retirement income for retired government employees who are under the Federal Employees Retirement System (FERS). TSP can be considered as a supplement for retirees under the Civil Service Retirement System (CSRS) since their other retirement pension is higher.
There are 5 index funds and 5 Life Cycle funds which can be invested. I only focus on the 5 funds and not the 5 Life Cycle funds. The5 Life Cycle funds are the mixed of the 5 index funds depending on the investor's expected retirement year.
The 5 index funds I will focus are:
1. G: Government Securities Investment fund
2. F: Fixed Income Index Investment fund
3. C: Common Stock Index Investment fund
4. S: Small Capitalization Index Investment fund
5. I: International Stock Index Investment fund
The 5 funds listed here are not publicly traded in the open markets. I will list the ETF equivalent (or close to equivalent) in the next message for tracking purpose.
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