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Withdrawing from TSP

By Mike Miles on April 13, 2010 Uncategorized

Q: I’m a postmaster ready to retire at the end of the year. I’m considering withdrawing from my Thrift Savings Plan account. I have a question about withdrawing funds. One of the options states a specific dollar amount on a monthly basis. Would I be allowed to withdraw a specific percentage of my account each month?

A: No.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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