IRA rollover

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Q. I am working for the Veterans Administration and I have a TSP account. When I retire, do I have to roll over to IRA to withdraw money or withdraw from TSP?

A. You do not have to roll over your TSP account to an IRA, and may (and should) maintain and manage it for as long as you live.

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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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