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What Will Happen to the L2010 Fund?

What will happen to the TSP’s lifecycle fund labeled the “L2010 Fund” as 2010 comes to an end? It will roll down into the L Income Fund in December 2010, and the L 2050 Fund will begin in January 2011.

Yesterday’s column about the lifecycle funds of the Thrift Savings Plan, resulted in my receiving clarifying information from the TSP folks.

The L2010 Fund will roll down into the L Income Fund in December 2010, and the L 2050 Fund will begin in January 2011.

We have made this clarification in the original article but also wanted to make sure that investors in the L2010 fund understand what will happen to this fund in December and that younger investors are aware that a new fund (the L 2050) will begin in January.

My thanks to those at the Thrift Savings Plan who were kind enough to send along the clarification.

About the Author

Ralph Smith has several decades of experience working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters on federal human resources. Follow Ralph on Twitter: @RalphSmith47