Q. I have been a federal employee for 10 years. I am 48 years old and am putting very little in the G Fund, which is at about $14,000 now. Not much. They say it’s never too late. I’m not planning to work until 60. What should I do to gain more money for retirement fast and preferably safe?
A. If you want a safe investment, you can’t do better than the G Fund. If you’d like the potential for more growth, then you’ll have to take some risk — which means accepting the possibility that you might earn less than you expect, or lose money instead of earning it. The safest and simplest way to do this is to use one of the L Funds.