FORT IRWIN, Calif. — As of July 1, eligible employees and service members now have nine Lifecycle (L) Funds to choose from, versus the previous five available. What is a lifecycle fund? A Lifecycle fund is a professionally designed fund.

According to the Government’s Thrift Savings Plan webpage, the L Funds are invested in the five individual TSP funds based on professionally determined asset allocations.

“The Federal Retirement Thrift Investment Board currently contracts Black Rock Institutional Trust Company, N.A. (Black Rock) to manage the F, C, S, and I Fund assets,” reads the site.

If you do not have the time or experience to manage your portfolio, investing in a Lifecycle fund can possibly be the right choice for you. Investors would need to simply choose the target date in which they plan on withdrawing from their TSP account.

Typically, employees and service members only had funds in increments of 10 years to choose from. Employees and service members are now able to choose from 10 funds that are in increments of five years. This gives investors more of a selection to get closer to that target date. For more detailed information, please visit your Personal Financial Readiness Specialist, located at Army Community Service, Bldg. 111, Langford Lake Road, or call for an appointment 760-380-9194.