Monthly TSP payments

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Q. Can I opt to use (say 10 percent ) of my TSP account monthly as a supplement with my FERS retirement to help me meet my debt obligations into my retirement?

A. You may request monthly payments from your TSP account after you retire, but you are limited to a fixed dollar amount each month (which may be changed once each year) or payments automatically computed based on your life expectancy (which vary in both dollar amount and percentage each year).

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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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