TSP rollover to indexed annuity

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Q. When is it beneficial to roll my TSP over to an indexed annuity? I read so much about it not being a good idea, but I would like to hear the other side of the argument.

A. I have no argument in favor of an indexed annuity. I suggest that you approach an insurance agent for that.

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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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