Retirement and TSP


Q. I am planning on retiring within a year, at the age of 55.  When will I be able to withdraw funds from the TPS account without a tax penalty.  My understanding is at any age once retired but I would like to make sure I am correct on this.

A. As long as you retire from federal service during or after the calendar year in which you reach age 55, your subsequent TSP withdrawals will not be subject to the early withdrawal penalty.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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