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The federal government-sponsored Thrift Savings Plan (TSP) began offering lifecycle funds in 2005 as a choice for those interested in saving for retirement. Some 75,000 members of the uniformed services (and 300,000 total federal government employees) now invest in the TSP s lifecycle or L Funds. These funds offer a number of benefits, but it s important to know what you re getting into before you invest.
Lifecycle funds typically make investment mixes, or allocations, based on a target retirement date such as 2020, 2030, etc. when you will need to use the money in your TSP account. If that date is a long time from now, the lifecycle fund will be more heavily weighted toward stocks or stock mutual funds. But as the date approaches when you will need your money, the investment mix will become weighted more heavily toward fixed-income or stable value investments, including bonds or bond funds and Treasury securities. This gradual shift to more conservat
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On a warm spring day, eight of David Ordaz, Jr.’s relatives convened in the backyard of his sister’s home in Montebello to remember him.
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They sat semicircle on patio furniture, a box of tissues at the ready, grieving as they recalled witnessing Ordaz, Jr. s death on the sidewalk in front of their home two months ago. He had been shot by Los Angeles County Sheriff s deputies who had responded to the family s call for help.