Withdrawal limit


Q. Say I take a TSP partial lump sum and then monthly installments at retirement. In a few years, I need large sums, but understand I can’t take another lump sum. Is there a limit on the amount of monthly payments I can choose? Can I ask, for example, for $50,000 per month until the account is exhausted or I change back to a lower amount?

A. There is no upper limit on the size of the monthly withdrawal amount.


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