Spouse benefits

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Q. I am divorced and my ex received a lump sum payment from my TSP account. When can she begin receiving benefits? She is 62 years old now. Are her benefits in anyway tied to my age and retirement?

A. Once her share has been removed from your TSP account and distributed to her, it is hers to do with as she chooses. Her options are no longer connected with your age.

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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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