Ask The Experts: Money Matters

By Mike Miles

TSP annuity, unclassified

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Q. I plan to retire soon and want to use the TSP annuity but I believe it will go up. Can I use monthly payments when I retire then purchase an annuity if the rate index goes up? A. You can’t use your final lump sum payment to purchase a TSP annuity, but you could roll over the balance to an IRA and use the money to purchase an annuity directly from an insurer.

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