Partial withdrawal from TSP


Q. I retired under the CSRS at age 55 with 35 years of federal government service. I want to purchase a second home by making a one-time partial withdrawal from my Thrift Savings Plan. Is this partial withdrawal subject to the 10% IRS tax under the one-time withdrawal provision? Also, what other penalties are there?

A. Since you retired at 55, your TSP withdrawals will not be subject to the early withdrawal or any other 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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