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Kim Weaver, director of external affairs at Federal Retirement Thrift Investment Board, discusses changes to the L-funds, and why they’re switching to 5-year increments.

The Thrift Savings Plan’s L2020 fund is going away later this year.  Kim Weaver, director of external affairs at Federal Retirement Thrift Investment Board, says there’s no need to be concerned about the change, because the money is just being moved.

 

“We have an L-Income fund that is the terminus for all of our lifecycle funds. Come next year, the L2020 fund will roll into the L-Income fund… It’s a fund that is built to give some return as a protection against inflation, but also protect against the loss of principal as best we can,” Weaver said.

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