President Obama made the upcoming change to new federal employees’ default TSP allocations official this Thursday when he signed the Smart Savings Act into law.
The new legislation will change the default allocations for new federal employees from the G fund to an age-appropriate Lifecycle fund.
For more on what this legislation means for your TSP investments, see:
- New Automatic Allocation for the TSP Coming Next Fall
- Changing the Automatic TSP Allocations for New Employees