Combining civilian and military TSPs


Q. I retire in a year with 37 civilian years total. I also will retire from the Reserves. I will be 56 and will start to draw my civ TSP in monthly payments. Does it make sense to combine my civ and mil TSP? Would it make more sense to draw my civ TSP and leave the mil TSP alone, just in case I needed to take a lump sum for an emergency?

A. Keeping the accounts separate will mean having to manage two accounts, but will also preserve a wider range of options for withdrawing your funds.


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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 and view his blog at

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