TSP required distribution


Q: My husband is 67 years old. He mentioned recently that he thinks he would like to work another five years before retiring from the federal government. I have a question regarding his Thrift Savings Plan. I have read the questions on the TSP Web site, and it sounds to me that as long as he has not separated from federal service, he is not required to take any distributions from TSP. Am I reading that correctly? If not, how is his TSP affected if he continues to work past the age of 70½? Can he still contribute to TSP? Is he required to take a distribution from his TSP while he is still contributing?

A: You are correct. He is not required to take distributions from his TSP account and may continue to contribute as long as he continues to work.

— Mike Miles


About Author

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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