Tuesday marked the end of the L 2020 Lifecycle fund and the launch of six new Lifecycle funds.
The six new lifecycle funds represent a shift toward five-year increments rather than the usual 10. The Thrift Savings Plan will also retire the L 2020 fund, with a plan to automatically roll L 2020 fund participants into the L income fund starting June 30.
The Thrift Savings Plan continued its positive trend last month, as all funds showed either gains or held steady compared to September.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.
After disappointing returns in May, the Thrift Savings Plan appeared to flip during June.
Thrift Savings Plan participants will soon have access to additional lifecycle funds that will more closely align to their specific retirement dates.
After one of the worst days of 2019 for the stock market, nearly every fund in the Thrift Savings Plan took a tumble in May.
9,540 additional federal and postal workers became Thrift Savings Plan millionaires between March 2018 and the end of March this year.
The treasury securities G Fund continues to be the favorite of feds investing for retirement, while the Trump administration wants to lower its payout.
Allan Roth, founder of Wealth Logic and a nationally syndicated financial columnist, said that when it comes to investing, his motto is “Dare to be dull,” as in boring.