TSP annuity, unclassified


Q. I plan to retire soon and want to use the TSP annuity but I believe it will go up. Can I use monthly payments when I retire then purchase an annuity if the rate index goes up? A. You can’t use your final lump sum payment to purchase a TSP annuity, but you could roll over the balance to an IRA and use the money to purchase an annuity directly from an insurer.


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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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