TSP fund distributions


Q. I am 59 years old, make approximately $90,000 a year and contribute $600 a month to TSP with my employer matching 5 percent. I will retire at age 64 and currently have about $250,000 in TSP with 70 percent in the G Fund, 15 percent in the S Fund and 15 percent in the C Fund. Because I am within five years of retirement, I don’t want to be too risky, but I do want to earn the most with my money. Do you think I am putting enough into TSP, taking too much of a risk, or am I on the right track?

A. Kind of like asking me if you’re eating enough and what you should have for dinner tonight. I can’t possibly give you a responsible answer without knowing a lot more about you. Why not put your account into the L Fund that most closely corresponds to your life expectancy?


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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