TSP withdrawal


Q. I retired in December 2015, but have not taken any money from TSP. I will need to in the near future. I would like to take some monthly payments to begin with, but at this time I am unsure how many years I would continue this. Let’s say my TSP has $200,000, and I begin monthly payments of $1,000 (assuming I will use $100,000 for this). At a later date, I decide to roll the other $100,000 into an IRA. Can I at a later date withdraw or roll the remainder of the $100,000 I was using for monthly payments out of TSP, or have I already used up my full withdrawal option with the monthly payment election ($100,000) and rolling the other $100,000 into an IRA?

In other words, if I decide to stop my monthly payments and still have money left in TSP from the original $100,000 I set aside for the monthly payments, do I have any way to get that money out of TSP?

A. You may stop your monthly payments and withdraw the remaining TSP account balance at any time.


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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