TPS after retirement

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Q. Do you recommend keeping one’s TSP balance in the TSP after retirement? Would it be more financially beneficial to work with a financial planner to withdraw and invest that money?

A. Generally it is in your best interest to keep as much money as you can in your TSP account for as long as you can. You may manage your money for retirement income, and if you need help, find an investment adviser who values the TSP’s advantage over other accounts and who will help you use it for your benefit.

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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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