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Monthly annuities

By Mike Miles on January 9, 2012 Uncategorized

Q. Now that I have retired and am over the age of 59½, can I have monthly annuities coming to me for life? How?

A. Yes. You may use your Thrift Savings Plan money to purchase a life annuity from their provider, MetLife, or any other insurance company you choose (by rolling over the money to an Individual Retirement Account). Visit www.tsp.gov and search for “annuity” or call the ThriftLine at 877-968-3778.

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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the 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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