Qualified longevity annuity contract


Q. Is there any way of structuring an annuity purchased through the Thrift Savings Plan into a qualified longevity annuity contract?

A. Since, under the proposed regulation, this would require the purchase of a deferred annuity contract and the TSP does not offer such a contract, this is not possible.


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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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