Q. I am CSRS and plan to retire Jan. 3, 2014. Since my annual leave payout will be part of my final paycheck and thus will be taxed as 2014 earned income, can I contribute part of it to Thrift Savings Plan for 2014 even though I will be retired?
A. No.
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.