TSP Millionaires Jump 30,000 to 224,000 as Stock Funds Gain Up to 18.4%
Updated
Updated · FEDweek · Jul 28
TSP Millionaires Jump 30,000 to 224,000 as Stock Funds Gain Up to 18.4%
2 articles · Updated · FEDweek · Jul 28
Summary
More than 224,000 Thrift Savings Plan accounts held at least $1 million through June, up roughly 30,000 in six months and from about 171,000 a year earlier.
Strong equity returns drove the increase: the S fund rose 18.4% in the first half, the I fund 16.5%, and the C fund 10.2%, with lifecycle L funds also lifted by their stock holdings.
Despite a $13.7 billion net outflow from loans and withdrawals through June, balances kept climbing; the largest account reached $10.26 million.
Average accounts rose about $17,000 year to date to roughly $234,000 for FERS participants and $257,000 for CSRS, underscoring how market gains outweighed cash leaving the plan.
What overlooked wealth-building secrets allowed top TSP investors to amass over $10 million while average federal workers hover around $50,000?
While thousands celebrate record TSP wealth, could looming mandatory distributions and inherited tax burdens turn these retirement dreams into financial nightmares?
How did a sudden market rally quietly mint over 224,000 federal millionaires, and what hidden tax traps await their massive retirement accounts?