After doing some research on the subject, most people say not to trade my TSP balance for an annuity. However, in my case, an annuity may be a better option. I plan on using my TSP by taking a fixed amount every month. I don't plan to ever take a large payment from my TSP. The way I understand how an annuity works is once you start it, the amount you draw each month remains the same for the rest of your life, and the rest of your spouse's life, if you choose to take the survivor benefit. If I choose not to take an annuity and I keep my balance in the TSP, that money is still subjected to take big losses if/when the market fluctuates. I know I'd be giving up my balance if I choose to take an annuity, but there's also some piece of mind in doing so, knowing that my monthly annuity payment will never decrease, or worse yet, be completely gone due to the market tanking. What are your thoughts on this?