What happens when a lifecycle fund matures?

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If I invest in the L Fund 2020 today, what happens in 2020, does the fund “mature”?

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Asked on June 13, 2017 9:14 pm
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On July 1, 2020, the L 2020 fund will reach the same allocation as the L Income fund. It will remain a separate fund until the end of the year and then, in early 2021, will be merged into the L Income fund and.

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Answered on June 14, 2017 10:00 am
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Let me post a related if VERY different question and answer. As some one who has a 40% position of my TSP porfolio in L2050, I don’t need to cash out for my current retirement expenses. I look forward to the maturing of L2020 as it is when L2060, L2025, L2035, L2045, and L2055 will be created at an IPO of $10.00 per share. The question is do you keep your money in the TSP after retirement and the answer is that everyone’s situation is unique. But I have not found a better investment and savings vehicle than TSP in comparison to my positions in Fidelity, Vanguard and individual DRIP stocks. This is the advice I shared with my co-workers when I recently left federal service.

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Answered on August 22, 2017 3:28 pm