Q: I’m retired from a government job. I want to roll my thrift savings into an IRA. However, I need a new roof on my house and I don’t have the cash I need and don’t want to put the cost on a credit card. Can I take a partial withdrawal from my thrift account to cover the repair, and then roll the rest of the money from the account into an IRA without penalty, since I took a distribution from the thrift plan first?
A: Yes, as long as you haven’t already taken a partial withdrawal from your TSP account.
