A majority of FedSmith readers told us in our latest survey that they are planning to purchase the new L Funds inside of their Thrift Savings Plan accounts.
Out of almost 800 respondents to our recent survey, 64% said they plan to utilize the new L Funds and 62% of respondents currently invest in the L Funds now.
However, despite the stated intent to purchase one of the new L Funds, a slight majority of respondents said that they were neutral on the addition of the new L Funds. 54% said “neither” in response to the question, “Does the addition of the new L Funds make you more or less inclined to invest in an L Fund?” 43%, however, said they were more inclined to invest in one now they they are available.
92% of respondents invest in the Thrift Savings Plan currently. Of those respondents, their current account balances in the TSP break down as follows:
- 18% have balances under $100,000
- 51% have balances between $100,000 and $500,000
- 24% have balances between $500,000 and $1,000,000
- 6% have balances over $1,000,000
The TSP recently published their latest quarterly statistics on the number of millionaires in TSP. As of the end of June, there are 45,219 millionaires. That is approximately .78% of all TSP participants.