TSP annuity vs. TSP monthly payments


Q. When I use the TSP annuity calculator and plug in my numbers, I get a monthly  dollar amount. Is this the actual amount I will receive every month or will there be processing/management fees from Met Life taken from the shown amount?  If there are additional processing/management fees, how can I find out what my real monthly amount will be prior to making my decision on purchasing annuity vs. monthly payments?

A.  That is the amount you should expect to receive, before taxes, each month.



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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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