TSP Withdrawal


Q. I plan on retiring in five months. Can I take a partial withdrawal from my account and have it paid in monthly installments, or do I have to utilize the entire account to receive monthly payments?

A. You may not ask the TSP to distribute a partial, fixed amount in monthly payments without also asking that the remainder of your account be distributed, but you may request fixed dollar monthly payments and then reduce those payments later to as little as $25 per month, which might allow you to accomplish nearly the same effect.


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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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