L Funds

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Q. Just for clarification, when you say “I suggest that you invest your account in the L Fund that most closely corresponds to your life expectancy,” you mean the fund that most closely corresponds to the year of your expected end of life, not the number of years until your end of life, right? In other words, if I expect to live 30 more years (or until 2047), I would invest in the L2050 fund, as opposed to the L2030 fund?

A. Yes, and I think you’d get the same result either way.

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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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