What to consider when cashing out TSP

Friday - 7/15/2011, 4:22pm EDT

Tammy Flanagan, senior benefits director, National Institute of Transition Planning

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It's not quite Shakespearean, but for federal employees it's an important question: To cash out a Thrift Savings Plan or to not cash out?

There are both benefits and drawbacks to cashing out a TSP, and Tammy Flanagan, the senior benefits director for the National Institute of Transition Planning, discussed both on In Depth with Francis Rose.

Flanagan also discussed buying an annuity from a private company, the risks involved and why it seems like an alluring option to people right now.