Automatic monthly distributions

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Q. How often am I able to change my allotment amount being drawn from my Thrift Savings Plan account yearly monthly, etc., while retired? Can I still move my money between funds after I start receiving the allotment?

A. If you’re referring to automatic monthly distributions, the amount can be changed once each year, effective in January. You may, and are responsible to, continue to manage your account for as long as it continues.

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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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