Full TSP withdrawal


Q: Is it possible to set up monthly payments from your TSP and then later have TSP use part of your funds to purchase an annuity for you while continuing the monthly payments with the rest? Or must both withdrawals be set up at the same time?

A: It is not possible to take a partial withdrawal for a TSP annuity while continuing monthly payments.


About 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.

Leave A Reply