Managing and continuing deposits to TSP after retirement

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Q. I am covered under FERS. After I retire, may I:
a). Continue to deposit funds into my Thrift Savings Plan?
b). Move money among the various funds, e.g., from F to G, from C to L2040, etc.?

A. After you retire, the only way to deposit funds to your TSP account is to transfer them in from an IRA or other qualified retirement plan. You may continue to manage your TSP investment, as in the past, for as long as you retain the account — potentially for life.

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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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