Hi Larry-
I'm almost 58 and currently working for the government as a DoD employee. I am also retired from the military. I am considering retiring in two years and spending down our TSP account and delaying applying for Social Security until 66/10 at the earliest and 70 at the latest. Completely spending down the TSP will eliminate the minimum required distribution at 70.5 but more importantly limits my taxable income to retirement income only when we apply for Social Security...what do you think of my strategy?

Hi,

That sounds fine to me in principle. Larry believes that it is better to wait until age 70 to start drawing retirement benefits in most cases, even if it means tapping into your savings to make ends meet (https://www.usatoday.com/story/money/2015/02/22/social-security-retireme...).

You may want to consider running the maximization software available on this website in order to more fully explore all of your filing options.

Best, Jerry