L Fund

By Mike Miles on February 11, 2013 Uncategorized

Q. I am 26 years old and have been working in the federal system for three years. I am a GS-9 Step 2 and contribute 7 percent of my income to my Thrift Savings Plan. Since I have a long ways to go before I retire, I would like to know what percentage I should put in each fund, if any?

A. I suggest that you consider investing your money in the L Fund that most closely corresponds to your life expectancy.

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Mike Miles

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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About the 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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