TSP L Fund


Q. I am 56 with 30 years of federal service, planning to retire in 2020. Currently I invest in L2020. I don’t know if it’s too late to attempt higher returns, maybe moving to L2030. What do you advise?

A. First, if you don’t know how your account should be invested, then I suggest that you invest your balance in the L Fund that most closely corresponds to your life expectancy. Second, don’t expect those “better” returns in the short-run since the stock component of the L Funds is hovering around record highs and the bond component could suffer from rising interest rates.


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

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