TSP withdrawals


Q. I understand I can change the amount of withdrawal from my TSP on a monthly basis and it has to be at least $25. Is this true?

A. You may change the amount of your fixed monthly TSP distributions once each year, to any amount you like, but not less than $25 per month. You must submit your request by the deadline in December to take effect during the following calendar year.


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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