Q. I am considering retirement in 2020, when I will have 33 years of service and reached minimum retirement age. I have approximately $750,000 in my TSP account. Would it be a good idea to put $250,000 in the L Income fund, $250,000 in the L2030 and $250,000 in the L2040 fund? I would use the L income money in the first 10 years, the L2030 in the next 10 years and the L2040 after that.
A. This is not how the L Funds are designed to be used. I suggest that, if you’re not sure about how best to invest your money, you use the L Fund that most closely corresponds to the amount of time you’d like the money to last.