Q. I will be retiring this year. Do you think the Thrift Savings Plan annuity has a fair return? The life insurance has me puzzled. It is very expensive. Is there a better way to get this much coverage?
A. I wouldn’t lock in a TSP annuity at today’s historically low rates of return. You should shop the individual life insurance market for guaranteed level term insurance and compare the rates with Federal Employees Group Life Insurance.