TSP-L Funds

0:00autopilot your retirement investing with TSP L funds. This is a money minute from incharge education foundation and militarymoney.com. The federal government sponsored thrift savings plan or TSP offers lifestyle funds, or L funds, as a choice for those interested in retirement savings. L funds typically make investments based on when you will need the money in your TSP account. If the date is far away, your L fund will be heavily weighted towards stocks or stock mutual funds, but has the date approaches when you will need your money. The investment mix becomes weighted more towards fixed income or stable value investments. This gradual shift to more conservative investments is designed to reduce risk as you approach retirement. L funds provide the highest possible rate of return for the amount of risk taken, and you don't have to worry about making the allocation decisions yourself. They're made automatically based on your age and planned date of retirement. If you like the idea of putting your retirement savings on autopilot, then an L fund may be the best TSP route for you. This money minute is made possible by incharge debt solutions. Visit us online at www.incharge.org.