Adjusting monthly TSP payments


Q. I am retiring from federal service (MRA+10). I have an estimated TSP balance of $200,000. I’d like to take monthly payments to draw down to a $50,000 balance and leave it in TSP and then draw Social Security. Does TSP allow a member to draw down via monthly payments and then freeze the account? Or once you start monthly payments do you have to continue until account is zero?

A. Once monthly payments start, they must continue until the account is closed, but fixed dollar payments can be reduced to as little as $25 per month during each annual change window.


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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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