March 16, 2026

Create Your TSP Account & Choose the Right L Fund: 5 Minute Military Money 2/10 #220

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Show Notes

Step 2 of the 10-part series on military finance essentials. After setting up your 5% Roth TSP contribution in Step 1, now you need to create your TSP account online and make sure your money is invested in the right fund. Spencer and Jamie explain how to set up your account at tsp.gov, enable two-factor authentication, and allocate contributions to the appropriate L (lifecycle) fund based on your retirement age.

What to Do

Action Steps:

1. Create TSP Account

Go to tsp.gov
Create account/login
Set up two-factor authentication
Verify account is active

2. Check Your Fund Allocation

Ensure contributions go to correct L Fund (lifecycle fund)
Not the G Fund (too conservative for young investors)

3. Update Allocations

Set current balance to appropriate L Fund
Set future contributions to same L Fund
Example: L 2060 or L 2065 for younger service members

Key Information

What is an L Fund?

Which L Fund Should You Choose?

Why Not the G Fund?

Blended Retirement System (BRS)

Resources

TSP Website: tsp.gov
MyPay: mypay.dfas.mil (from Step 1)
TSP Course: militarymoneymanual.com/tsp

Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor
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