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Khan Academy Founder Sal Khan Among Business Leaders Launching Financial Literacy Movement

The initiative, which launched June 21, will support embedding financial literacy into American culture. This 10-year commitment will reach millions of youth and working adults enabling them to achieve greater financial success for themselves and their families, according to a news release. In addition to Khan, the group includes Doug McMillon, CEO of Walmart; Bob Chapek, CEO of The Walt Disney Company; Brian Moynihan, chairman and CEO of Bank of America; Rosalind Brewer, CEO of Walgreens; Ed Bastian, CEO of Delta Air Lines; Roger Goodell, commissioner of the NFL; Adam Silver, commissioner of the NBA; Tony Ressler, executive chair of Ares Management and principal owner of the Atlanta Hawks; and John Hope Bryant, chair and CEO of Operation HOPE.

Investing in TSP -- Military money?

Military.com 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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