Potential move to L funds


Q. I am retired (2008) and still maintaining my TSP fund.  I don’t plan to dip into it for at least 5+ years.  I am now 67 years of age (68 in July), and would like your opinion on the feasibility of moving my entire TSP holdings into the L 2020 Fund.  Also, should I take that step, what are the penalties for withdrawal before 2020?

A. It is possible for you to move your money into the L 2020 Fund and there are no penalties for withdrawals from the fund.



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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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