More on the Disappearing L2010 TSP Fund

View this article online at https://www.fedsmith.com/2010/04/28/more-disappearing-l2010-tsp-fund/ and visit FedSmith.com to sign up for free news updates
By on April 28, 2010 in Current Events with 0 Comments

Yesterday’s article on the L 2010 fund "turning into" the L Income Fund resulted in my receiving clarifying information from the Thrift Savings Plan (TSP) folks.

The TSP website (on which I based the article) states: "L 2010 will roll into the L Income Fund automatically in July 2010 when its allocation becomes the same as the allocation of L Income Fund." The actual mechanics of the transition are somewhat different.

After the July 1, 2010 adjustment in the L 2010 Fund, its allocation will be identical to the L Income Fund allocation. However, the money will remain in the L 2010 Fund until the end of December 2010.  After that point the L 2010 Fund will "roll-down" into the Income Fund and cease to exist.  The L 2050 Fund will be established in January 2011. 

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at johnfgrobe@comcast.net to discuss schedules and costs.

© 2017 John Grobe. All rights reserved. This article may not be reproduced without express written consent from John Grobe.

Tags:

About the Author

John Grobe is President of Federal Career Experts, a consulting firm that specializes in federal retirement and career transition issues. He is also affiliated with TSP Safety Net. John retired from federal service after 25 years of progressively more responsible human resources positions. He is the author of Understanding the Federal Retirement Systems and Career Transition: A Guide for Federal Employees, both published by the Federal Management Institute. Federal Career Experts provides pre-retirement seminars for a wide variety of federal agencies.

Top