TSP withdrawal


Q. I am 71 and employed with the government. Question: Is it mandatory that I withdraw all of my TSP upon retirement within a few months.

A. You may, and should, keep and manage your TSP account for life. You will be required to begin receiving Required Minimum Distributions after you retire, however.


About Author

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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