TSP deposits

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Q. I am scheduled to retire in November. I am firefighter with 32 years, 6 months of service. I am covered under FERS. I plan to elect the TSP option that will provide me a monthly payment until my death. Do you know if the monthly direct deposit will combine all three (annuity, annuity supplement and TSP) as one payment, or should I expect three separate payments?

A. At least the TSP will come as a separate deposit.

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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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