Adjusting monthly TSP payments

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Q. If I select a monthly TSP annuity based on a specific amount of money set aside, can that monthly payment be adjusted up or down yearly?

A. You may adjust these payments by specifying a dollar amount for the payments for the coming calendar year by the deadline in December.

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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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