TSP withdrawal


Q. I retire next August. If I start taking monthly withdrawals, will I ever be able to make the one-time withdrawal for something big that might come along and keep the monthly payments. Or do I have to take it before the monthly payments start?

A. Once you start the monthly payments, your only options are to change the amount of a fixed dollar payment once per year or to take a final and full lump-sum withdrawal.


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.

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