How long to leave the TSP alone

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Q. I am a current Law Enforcement Officer considering retirement in one year at age 50. I am planning on taking 72 life expectancy payments from my TSP. What is your general advice with regard to life expectancy payments? Or do you recommend leaving the TSP alone for a longer period of time and taking distributions later in life?

A. I generally recommend that you avoid tapping your TSP account for as long as possible.

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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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