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Minimum distribution upon turning 70 1/2

By Mike Miles on March 8, 2012 Uncategorized

Q. If I am still working full time for the Veterans Affairs Department at 70½, do I have to take a minimum distribution from my TSP account?

A. You don’t have to begin distributions from your TSP until you stop working for the government.

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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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