Selective withdrawal from TSP during retirement

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Q. I’m 52 years old and have my entire account in the L2050 account. When withdrawals are made, it wouldn’t take an equal percentage out of each fund that comprises the L fund — or would it?

A. Any withdrawal from an L Fund is effectively taken from each of the underlying funds.

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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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