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- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
Thrift Savings Plan L-2050 Fund begins Jan. 31
Tuesday - 1/11/2011, 4:27pm EST
On Dec. 31, 2010, the L-2010 Fund was closed and those funds were rolled into the L Income Fund, said Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, in an interview with the DorobekINSIDER.
The new L-2050 Fund begins Jan. 31. Participants can begin allocating funds to the L-2050 starting at noon on Jan. 28, by going to www.tsp.gov.
The L Funds are life cycle funds that "cobble together" the appropriate investment allocations for all of the five core funds -- the G, F, C, S and I Funds, Trabucco said.
The introduction of the L-2050 Fund has no effect on the five core funds, Trabucco said.
The L Funds are automatically maintained for the participant at a particular allocation and reallocated everyday based on market performance, he said.
"Each quarter, [the L funds] adjust allocation to become more conservative as they approach the draw down date," Trabucco said.
Trabucco noted that the draw down date is not always the retirement date. Some people may put off drawing their TSP funds for years or even decades after retirement because they continue working outside of government or have other retirement benefits, he said.
Participants must begin drawing down at age 70 1/2 but do not have to exhaust their funds, Trabucco said.