Multiple annuities?


Q. If you had $300,000, could you take $100,000 for an annuity, then keep the other $200,000 in the Thrift Savings Plan? Then, down the road could you take another $100,000 and make that an annuity, too, and keep the remaining $100,000 in the TSP?  Then, can you take the rest of it and make a third annuity a few years later?

A. No, since this would require multiple partial withdrawals.


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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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