Q: I would like to know what my options are for withdrawing from my Thrift Savings Plan account? What would be the tax consequences for those options? I am a Federal Employees Retirement System retiree approaching the age of 70.
A: I suggest that you first review the information available at www.tsp.gov including:
The booklet at www.tsp.gov/forms/tspbk02.pdf and the tax notice at www.tsp.gov/forms/octax92-32.pdf.
If, after you’ve studied these, you have any specific questions, I’ll be happy to answer them.
— Mike Miles
