The Thrift Savings Plan is considering changing some its loan policies and adding a new fund, tentatively to be called the L for “lifestyle” fund, which would start with a pre-determined ratio of stock and bond investments and would adjust automatically to keep that ratio. “Lifestyle” funds are becoming more common in private sector 401(k) programs and are aimed at giving the investor an easy mechanism to keep a portfolio from becoming too conservative or too aggressive as returns of the various investments tilt the percentage on investment in one direction or another. The TSP’s concerns regarding loans are that while most investors don’t use the loan program, some use it heavily, opening and closing numerous loans for what appear to be short-term financial needs, and the costs of processing those loans are borne by all participants equally. Thus, two ideas are under consideration: imposing a waiting period between loans and/or charging borrowers a service fee. It likely would be a number of months before the TSP would make any changes in its loan or investment fund policies.