Required minimum distribution

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Q. I am under the FERS retirement system. If I retire and choose to buy an annuity with 50 percent of my TSP, will I still be required to take required minimum distributions at 70 1/2?A: Yes, the remaining TSP balance will be subject to distributions requirements.

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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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