TSP dilemma


Q. I’ve been reading your Q&A as well as information on tsp.gov and still do not have a full understanding of my dilemma. I have about $225,000 in TSP and would like to use it to supplement my CSRS pension when I retire at age 56. I’m confused about what happens to my balance once I start the monthly payments option. Would I continue to receive earnings on the the remaining balance at its current distribution? Can I change the distribution in the future? If not, would I be better off rolling TSP over to an IRA somewhere?A. Your balance continues to be invested according to your direction for as long as you maintain the account.


About Author

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.

Leave A Reply