TSP withdrawal


Q. Are there any disadvantages in moving my TSP balance to another financial institution besides paying higher management fees? I’m concerned that I won’t have access to my funds on an intermittent basis if left in the TSP.

A. Yes. You will also lose access to the G Fund, which can be very a valuable asset if you know how to use it to your advantage. Why not take a partial lump sum and roll it over to an IRA while keeping your TSP account open? There are ways to work around the need for intermittent withdrawals.


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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