Retirement and TSP


Q. I am 64 years old and retiring from the federal government with over 33 years of service. I am CSRS Offset. I applied for Social Security to begin in September. I do not need my Thrift Savings Plan money now. Should I leave it where it is, or roll over to an IRA? I have all of my money in the L 2020 fund. If I leave it where it is, should I move the money into another fund(s)?

A. You should leave your money in the TSP for as long as possible. There is no better retirement investment environment. How you invest it there should depend entirely on what you expect from it over the course of your life. It’s a pension fund, and the investment strategy you use should be designed to support the benefits it will need to produce, with a minimum of risk.


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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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