Author Mike Miles

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

Q. I am 69 years of age and have all my funds in the 2030 fund totaling about $ 89,000. I would like to start taking out $500 per month starting in January 2018. What type of allocation of funds would be good for this amount, percentagewise, where would the spread be best to last 15-20 years. Could you give me an example or two of allocations that would be of great help?

Q. I am current 57 years old and have a TSP balance of approximately $800,000, which is currently allocated: 78 percent in the G Fund, and 22 percent in C Funds. I plan to retire in September 2017 and will start monthly withdrawals of approximately $2,000 per month from my TSP. The men in my family typically live to the mid 80s. Is this a good allocation between funds, or should I diversify a little more?

Q. I am a FERS employee with 28 years in government service and about five years away from retirement. I evaluate my TSP portfolio allocation based on risk comfort, life expectancy, etc. in isolation from what I expect to receive from Social Security and my FERS pension. My allocation is roughly 60 percent stocks, 40 percent bonds (mostly G Fund). Recently, I have been told that because I will have a guaranteed income stream from my FERS pension, I can afford to take more risk in my TSP and I should move money from the G Fund to the stock side of the portfolio.…

Q. I retired with FERS at age 60 with 31 years at the U.S. Postal Service under the Social Security supplement. Can I delay my Social Security when my supplement ends and earn the 8 percent each year until I pick the year I want it to start? Is there a special day to apply that ensures that 8 percent is included in the year I apply?

Q. Could a retired federal employee transfer funds out of TSP into an IRA near the end of one year, then buy a QLAC at the beginning of the next year with 25 percent of the funds in the IRA, and then transfer the remaining balance of the IRA money back into the TSP? If so, this would be a way to use TSP money to purchase a QLAC, thus reducing the minimum required distributions from the TSP account.

Here are the year-to-date returns, through the end of June, for the five basic Thrift Savings Plan funds: C Fund = 9.34% I Fund = 14.10% S Fund = 7.41% F Fund = 2.48% G Fund = 1.17%. Interesting? Maybe to some. Useful? I don’t know how. As an investment manager — or TSP participant, as you are commonly known — you are responsible for making or delegating the making of a massive series of decisions. Some of these decisions, like whether you contribute to the Roth or the Traditional TSP accounts, will most likely wind up being relatively insignificant.…

Q. I am my sister’s beneficiary for her TSP account. She recently passed away. I am retired and taking RMD on my IRA, 203B’s, etc. Is it possible to add the TSP funds to my IRA or must I take a lump amount and pay taxes on that amount immediately?

Q. I am about 10 years from retiring from the federal government and would like more information on Medicare and Social Security. I was thinking about not taking my Social Security until I am 67 years old. My friend said she is applying for hers as soon as she is eligible (62). How do I determine which age is best for me? Are there comparison charts that will show me approximately what my overall benefit would be if I applied for social security at 62 versus 67?

Q. I will be 56 in August, already have 32 years of service at USPS and I am a FERS employee. I started contributing to the Roth TSP 5 years ago. If I withdraw anything from my TSP in 2018, will I be penalized because as I recently found out all dispersals come from both the regular TSP and the Roth proportionally. Do I have to be 59 1/2 to get penalty free withdrawal from Roth TSP or am I good at my MRA + 30 retirement? I thought I had read if you retired on an unreduced retirement that there were…

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