TSP withdrawal

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Q: I am an Army reservist who will be 55 in September and will retire Dec. 31 because of the requlation that military officers can only perfrom 28 years of service; assuming I do not get promoted to colonel. When do I have to start withdrawing funds from my TSP?

A: Under current law, you will have to start taking withdrawals from your TSP the year after the year in which you reach age 70 1/2, or when you retire, whichever is later.

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