Q: I am 27 and I’ve been in the federal service for five years. All my contributions to the TSP are in the L2040. Since I do not expect to retire before 2040, I think the smartest move should be investing in the new L2050 fund. But my question is, should I move all the money that I already have to that fund, or should I just start investing in the L2050 and leave whatever I have in the L2040?
A: The TSP recommends that you invest all of your account assets in the L Fund that corresponds most closely to your retirement year. Of course, they make no promises regarding the results.