A bill making its way through Congress would set the L-fund as the default investment for new enrollees in the Thrift Savings Plan. ‘L’ stands for lifecycle. The idea is to change your investment mix as you go through the stages of life.
Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.