Q: You say, “If you are still employed, you will not be required to begin distributions from your TSP account until you retire.” Does that mean that contributions to the TSP can continue indefinitely after age 70 1/2 as long as you are working?
A: Yes.
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.
1 Comment
I understand if one continues to work after 70 1/2 one does not need to start withdrawl from TSP. How is notification made to the TSP that one will continue to work past 70 1/2?