Q: I am 37 and have three children. My spouse will retire after 20 years in the Army in December or January. We are in the middle of a divorce. What are my options regarding any portion of my spouse’s TSP I may be entitled to? Does an annuity make sense?
A: An annuity is an option, but you would lock in today’s interest rate for life. Otherwise, you may continue to manage the money yourself, or pay someone else to do it for you.