Q. I am retired military age 64, and my wife is 62. I plan to retire this year after seven years of federal service. On top of my military retired pay, Social Security and federal retirement I would like to take $20,000 per year from my TSP, 401K and IRA investments. I have approximately $225,000 in the TSP and $750,000 spread across several Vanguard and USAA funds. How would you recommend that I consolidate these funds where I can have the $20,000 available each year with the remainder continuing to grow?
A. I recommend that you transfer the 401k and IRA balances to the TSP account and begin fixed dollar monthly withdrawals.
