Q. At age 65, I’ve taken your advice and have taken a full physical. I’m being very positive and very optimistic when I say I expect to be around for another 15 or 20 years. In retirement, I’ve put all of my money in the L-2030 fund, as suggested. Does it stay in the L-2030 fund when I reach the required minimum distribution age, or does it get put in the L-income fund?
A. The management decisions are up to you, but my default recommendation, if you don’t know what else to do, is to continue to use the L Fund that most closely matches your life expectancy. But that’s kind of like recommending that if you don’t know which way you should turn to get to your destination, keep driving straight. The recommendation is intended to minimize the risk of making a big mistake, but it doesn’t guarantee that you’ll get where you want to go. It takes some careful navigation to make that happen with a high degree of confidence.