TSP balance after we die


Q. When a TSP holder dies, does the balance of the TSP account transfer to the next of kin? For example, if I had $500,000 when I died and was receiving monthly payments in retirement, would the remainder of unpaid money in the account go to my widow (or children)?

A. The remainder will pass to your named beneficiary (or beneficiaries), or according to the legal order of precedence if no valid beneficiary designation is in place. Spend some time learning about your retirement plan and the basics of financial assets at www.tsp.gov.


About 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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