L Funds Continue to Grow
Greetings All,:cheesy:
The number of TSP investors with money in the relatively
new lifecycle funds and the amount of money in those funds
continues to grow, including about 8 percent of FERS
system investors and 6 percent of CRSR system investors--
and more than $11 billion in account balances--as of the
end of April. The L funds, which were introduced last
August, are designed to help put investing on a form of
automatic pilot and maintain a desired risk/reward
balance according to the expected withdrawal date. Among
FERS investors, the most popular L fund is the 2020
fund, with 42 percent of their total L fund investments,
while among CSRS investors the most popular fund is the
2010 fund, with 49 percent of their total L fund
investments. The difference reflects the generally higher
age--and thus, shorter withdrawal timeframe--of CSRS
employees.
SWSOP