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TSP and age

By Mike Miles on February 11, 2011 Uncategorized

Q: Is there a certain time/age requirement for drawing out your TSP?

A: You must start taking Required Minimum Withdrawals based on your life expectancy by April 1 of the year after the year you turn 70 1/2, or when you separate from federal service, whichever comes later.

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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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