Tax withholding rate


Q. I am a federal employee considering retiring at age 64. I want to withdraw my Thrift Savings Plan funds in one lump sum, which by then will be approximately $400,000. At what tax rate can I expect to be hit upon withdrawal?

A. Your withdrawal will be subject to 20 percent federal tax withholding. Read the document at for more information.


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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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