Q. I will be retiring within the next month. I am single, 62, and can easily live off my pension and Social Security. I’d like to leave my TSP amount intact and only withdraw lump amounts (based on TSP changes coming in 2019) for home improvements or a nice long vacation. I do not need a monthly withdrawal.
I currently am 50 percent in the C Fund and 50 percent in L2030. I choose L2030 because my family history of medical issues has shortened most family members’ lifetimes. I do not anticipate a long life, but do want to completely enjoy my retirement years. Do you think my 50-50 split is logical?
A. You have provided no good rationale for your allocation. It appears to be arbitrary. If you have determined that the L2030 fund is the best allocation to meet your objectives, why not put all of your money there?