Federal Employees News Digest
Changes coming to the TSP L fund
- By FEND Staff
- Jun 15, 2020
Earlier this month the Thrift Savings Plan announced more new Lifecycle funds will be available July 1.
Instead of five L fund choices, there will now be 10. Each new L fund will have a shorter lifespan, TSP stated, slashed from a decade down to just five years. That way, feds can more precisely target their fund choice to one with a maturity date that coincides closely with their retirement date. It will also save feds from having to split their account between two funds to maintain an acceptable level of risk.