Mandatory TSP withdrawals


Q. I will be 66½ when I retire with 15 years of federal service. How long can I leave my money in TSP until I am forced to take it out?  Will I have to pay taxes on it when I am forced to withdraw, and is there a penalty accessed?

A. You must begin taking withdrawals – called Required Minimum Withdrawals  – by April 1 of the year following the calendar year in which you reach age 71½. Visit for more information.


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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 and view his blog at

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