Government default and TSP rollover


Q. I recently retired but will not be withdrawing any of my Thrift Savings Plan for a few years. I’ve considered rolling over my balance to USAA because of the possibility of a government default. Is that advisable? In the case of a government default, will my TSP balance be safe?

A. I wouldn’t do it if I were in your shoes. I’m not sure how the debt ceiling uniquely threatens your TSP account.


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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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