For many people, the task of investing for retirement may seem daunting. A Thrift Savings Plan (TSP) Lifecycle Fund can take some of the sting out of the process.
Postal Service employees may choose from any of TSP’s five core funds — the G, F, C, S and I Funds. Each fund invests in specific kinds of securities, such as government bonds, blue chip stocks or foreign stocks.
Employees also have the option of a TSP Lifecycle Fund, also known as an L Fund, a professionally determined combination of TSP funds tailored to your investment objectives and “time horizon” — the time until you retire or need to tap your accumulated savings.
The L Funds aim to simplify fund selection. They offer flexibility when choosing a fund closest to your time horizon, and you don’t have to remember to adjust your investment mix as your target date approaches since it’s done for you.
A set of brief videos describing TSP investment choices is now available online.
For more on TSP and other money management resources, visit the new financial wellness site on LiteBlue.