TSP withdrawal

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Q. I am 71 and employed with the government. Question: Is it mandatory that I withdraw all of my TSP upon retirement within a few months.

A. You may, and should, keep and manage your TSP account for life. You will be required to begin receiving Required Minimum Distributions after you retire, however.

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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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