By Mike Miles
February 17th, 2010 | Uncategorized
Q: I have attempted to get answers on withdrawing my annuity but I am generally referred to the TSP page. Unfortunately, it doesn’t really answer my specific question. Can I purchase an annuity with part of my TSP and leave the balance in my TSP until I am 70½ and then start taking out monthly payments?
A: Yes, as long as you haven’t already used your one-time partial withdrawal allowance at the time you use it to buy the annuity.