Annuity supplement and TSP withdrawals

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Q. If I retire at age 60 with 20 years of service, I will be eligible for the annuity supplement along with my annuity. Can I choose to take TSP withdrawals to get me to full retirement age and then stop them until I am required to take them at 70½?

A. You may not stop monthly distributions from your TSP account, once they have begun, but you may reduce fixed monthly payments to as little as $25.

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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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