By Mike Miles
May 31st, 2013 | Uncategorized
Q. At age 55½, what is the best L Fund I should put $5,000 in? In five years, what is the expected gain of the $5,000?
A. The best fund for you depends upon your unique set of goals, resources and constraints. Anything else is just a guess. Your age is not really a direct factor in making the choice. You’ll find information about the L funds, and suggestions for picking a fund (based on a guess), at www.tsp.gov.
USPS Letter Carrier Says:
June 3rd, 2013 at 12:46 am
There is no such thing as “best L Fund” in which to invest and no so call expect gain. The higher number L Funds (2040 & 2050) will perform better than the lower number L Funds when the market is doing well but will also suffer worse in a down period. If your $5k earned 10% over each of the next 5 years you’ll have ~$8050, @ 7.5% = ~$7180, and @ 5% = $6380.