BLUF: Yes, if you use life expectancy method in TSP, each year your payment is adjusted based on 31 December balance & age factor each year.
Use https://www.tsp.gov/PlanningTools/Ca...alculator.html to figure out the impact adjusting the balance and age. It is balance on 12/31 divided by age factor each year. You can always call TSP for verification...just make sure you get someone that knows what they are talking about (may take a few calls)
Note: Your 1st payment is calculated based on balance at time of request and the age factor (determined by your age on Dec 31 of current year)
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