Consolidating retirement funds


Q. I am retired military age 64, and my wife is 62.  I plan to retire this year after seven years of federal service.  On top of my military retired pay, Social Security and federal retirement I would like to take $20,000 per year from my TSP, 401K and IRA investments. I have approximately $225,000 in the TSP and $750,000 spread across several Vanguard and USAA funds. How would you recommend that I consolidate these funds where I can have the $20,000 available each year with the remainder continuing to grow?

A. I recommend that you transfer the 401k and IRA balances to the TSP account and begin fixed dollar monthly withdrawals.


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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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