Q. I am 73 years old and a full-time government employee. I meet my annual IRA withdrawal through a non-government IRA investment. I also receive an annuity from TSP from an early retirement in 1999. I intend to fully retire in two more years. Should I keep the current annuity or roll it over into the final retirement? Also, will I have to take a mandatory retirement withdrawal annually as I now do with the non-government IRA? Is it mandatory for me to begin taking this money out? If so, what are the deadlines involved?
A. You may not roll over or otherwise modify a TSP annuity contract. You will be required to begin distributions from your active TSP account when you retire.