Buying back time


Q. My wife is looking to retire and back in the late 70’s and early 80’s she worked under CSRS for about 21 months. Her Veterans Affairs retirement adviser said she could buy back these months. She worked for a private hospital and had a “matching” IRA set up in the early 90’s. Can she use this IRA money to buy back the CSRS time? She never added any money to this IRA after she left the hospital and the amount has slowly grown over the years to about $14,000.

A. She can only use it for the re-deposit after she has withdrawn it from the IRA.


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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 and view his blog at

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