Social Security vs. TSP


Q. I am under the FERS system, age 57 with 30 years of service. I am eligible to retire but will probably work another two years and retire at 59. I know that you recommend leaving TSP untapped for as long as possible. If I do this, I would need to take Social Security at 62 to make ends meet. Is this a good strategy? Many financial planners recommend waiting as long as possible to draw Social Security, so I am not sure which strategy makes the most sense.

A. It’s impossible to say for sure without more information and analysis, but this might be a situation where you should tap your TSP and wait to claim Social Security until later. You take more from you TSP for a few year, but will then take less for many years after. There is no one-size-fits-all answer.


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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 and view his blog at

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