Keep money in L Fund?


Q. I retired from the Air Force in 2004 after 30 years of service. I was rehired into the civil service ranks in November 2004 and immediately started investing into the Thrift Savings Plan’s L2020 account. I just turned 58 and plan on retiring when I hit 60, maybe 62 if my health holds up. How long should I keep my investments in the L2020 account? As I get closer to retirement date, should I move it from L2020 to one of the individual funds?

A. If you’re not sure about what to do, to support you goals with a minimum of risk, I suggest that you consider keeping your TSP money in the L Fund that most closely corresponds to your life expectancy — that is, the age that you think would be a reasonably long life for you or your spouse, whichever is longer.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

Leave A Reply