Follow-up on TSP withdrawal

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Q. The following question/answer was recently posted. Where can I find the full information to support the answer? Are there penalties involved?

Q. I will be 55 this month and plan to retire in November with 33 years of service under CSRS. Do I have to wait until I am 59½ to withdraw from my Thrift Savings Plan?

A. Not if you wait until you’re retired to request the withdrawal.

A. Check Page 7 of this notice: https://www.tsp.gov/PDF/formspubs/tsp-536.pdf.

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

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