FedSmith Readers Plan to Take Advantage of the New L Funds

A majority of respondents in our latest survey said that they plan to utilize the new L Funds in the TSP.

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.

Respondent Profiles

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.

About the Author

Ian Smith is one of the co-founders of FedSmith.com. He has over 20 years of combined experience in media and government services, having worked at two government contracting firms and an online news and web development company prior to his current role at FedSmith.