Q. I am a retired Navy captain after 40 years of service. I read with great interest your article in the November 2017 issue of Federal Times titled “TSP Lump-Sum Withdrawal.” I currently have $391,811.74 in my TSP account as of 14 November 2017. On October 27, 2017, I had $392,954.73 in the TSP account. I have seen the amount of TSP goes up and down over the years. I need your advice if I should do a partial or lump-sum withdrawal. I had seen a Navy Federal Credit Union Financial adviser in the past and he was not good at all. PS, I am invested in the G, F, C, S and I Funds, and am 62 years old. Hope all this information will help in your assessment of my situation.
A. I can’t tell you whether or not you should take a partial lump-sum withdrawal from your TSP account now, but nothing in your question indicates that there is any good reason to do it. In general, I recommend that you delay taking any withdrawals from your TSP account until it is necessary.