Q. I have five years at the Veterans Affairs Department and 4½ years at the Transportation Security Administration and am about to be suspended/terminated (FERS). Being non-military, can I leave my Thrift Savings Plan and FERS with the government without penalty or roll over to Vanguard since I am not 56? I have more work time in the private sector than with the government.
A. You may maintain and manage your TSP account for as long as you live. You may also roll your TSP money over to an IRA and close your account after you separate, without penalty, regardless of your age.