Alternatives to managing your own retirement funds


Q: I’m tired of moving funds all over the place trying to maximize my money in the Thrift Savings Plan. I have done so-so — retired federal law enforcement, 30 years of service, now 51 years old. I am going to start withdrawing funds at 59 1/2. I want to maximize my value in eight or nine years. I know it is hard to have the best of both worlds (safety of funds vs. maximized rate of return) — what are your thoughts?

A: I can’t possibly give you reliable investment advice through this forum, without the appropriate understanding, research and analysis. Managing the money to support your desired standard of living has its advantages, if it’s done right. If not, it can be disastrous. If you’re not competent in pension fund management (which is what’s required), then you should consider hiring someone who is. One way to do this is to use your money to buy an immediate, fixed annuity to guarantee lifetime income.


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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 and view his blog at

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