Nursing home


Q. I have money in the Thrift Savings Plan. I am 68 and hope to work for two more years. I have recently been diagnosed with small brain outages. I can’t remember very small things without written notes. I need to know if my TSP will be OK if I have to go to a nursing home. In one of your comments, it seemed like it would. But, I know the nursing homes are going to come after all I have. Is there any way I can save this money, or should I go ahead and give it away? I know I have to do this at least five years before my possible entrance into a nursing home. I have a son to let have the money, but I don’t want to get out of the TSP until I quit my job.

A. You should talk to a good estate planning attorney.


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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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