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’ve been reading that the TSP is terrific for accumulating funds for retirement, but not so good when it comes time for withdrawal options when the time comes to tap my account. Do you agree with this? And would I be better off rolling over a portion of my TSP into a private IRA-type account so that I can more easily manage my account and withdrawals, for example, where the monthly distributions come from (because of the TSP proportional distribution rule, for example)?

Q. I have accumulated a tidy sum in my TSP investment account. It is diversified between stocks and the G Fund. With the volatile market, should I take money from the stock fund and move it all to the secured G Fund? I would still contribute while working. I plan to retire in two and a half years at age 66½ and worry about having this money secured for retirement.

Q. My mom retired from government services on Nov. 1 because of dementia. She just had a birthday and is now 65. The government is giving her the run around, saying she can’t withdraw and if she goes into a hospital the money returns to the government. She is trying to get her money because she is progressing fast with this illness. Who can we call or hire to look into this?

Q. I am currently a retired veteran receiving both retirement and disability concurrently. I just recently became a federal employee. When I finish 20 years as a federal employee, will I be able to collect FERS, retirement, disability and my TSP?

Q. I would like your opinion about borrowing from the TSP. This is my financial situation: Second house mortgage, $33,000, at 8 percent interest. First mortgage, $179,000, an ARM at 4 percent interest. Student loan, $19,000, at 7 percent. I am thinking about taking a $50,000 loan from the TSP and paying the second mortgage and the student loan. Another option is refinancing the mortgages at 4.5 percent fixed and just continue paying the student loan at the current rate. I am afraid of borrowing from the TSP and lose on potential future earnings, but I don’t want to continue paying so…

Q. OPM approved my disability retirement case in 2015 (after 31 years of service with the federal government), and I “officially” retired on disability at age 54 of that year. I was denied Social Security disability benefits. I am now receiving the 40 percent disability retirement annuity and am having a difficult time making financial ends meet each month. Therefore, I am looking at the possibility of withdrawing fixed monthly payments from my TSP account to provide additional income until I turn 62, when my disability retirement annuity is converted to a regular retirement annuity. I currently have $323,000 in…

Q. I’m a current CSRS employee considering retirement after 34 years of service. With a $300,000 balance in my TSP account. I’m currently risk adverse and for the past two years have been in the L Income Fund. I have read many of the questions about investing and found a familiar reply below: “I suggest that you invest your TSP balance in the L Fund that most closely corresponds to your life expectancy”. I am 61 years of age and hopefully will be alive until my early 80s. Isn’t the L2030 fund too risky for someone of my age? What…

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