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Withdrawing from TSP before 59 1/2

By Mike Miles on September 4, 2012 Uncategorized

Q. If I retire after 30 years of federal service at the age of 58, can I start withdrawing my Thrift Savings Plan, or do I have to wait until the age of 59½? I do not have any part of the TSP as a Roth.

A. You will be free to withdraw your TSP assets without penalty.

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Mike Miles

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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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