TSP withdrawal requirements


Q. I am about 70½ years old and have a TSP. I retired in 1994 but left my TSP funds intact. Do I have to begin withdrawing these funds now that I am 70½ years old?

A. Yes, your first required minimum distribution will be due by April 1 of the year following the calendar year in which you reach(ed) age 70½.


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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