TSP legislation


Q. I just retired under FERS at MRA and on an immediate retirement. As such I am curious about pending legislation that would broaden my TSP withdraw options. If I understand correctly, as written I have few choices currently: lump sum or monthly installments based on life expectancy. Neither option is appealing, as I may need more or less once I understand my financial situation in retirement. I was considering rolling over my balance to another institution so that I had more flexibility in terms of access to my savings. I hesitate because I heard that the TSP rules may change, and that withdraws will become less restrictive in the near future. If true, can you expound on this?

A. You’ll find the information you’re looking for in the Fact Sheet at https://www.tsp.gov/PDF/formspubs/tspfs10.pdf.


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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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