Q. FERS employee, 25 years service, retiring under MRA (56 years old) + 10. Will receive annuity at 70-percent rate. Plan to take monthly TSP payments of $3,000 (able to change amount once every year). Just want to confirm that there will be no early withdrawal tax penalties for taking TSP before 59-1/2.
A. Confirmed. Under these circumstances, your TSP withdrawals will be exempt from the penalty.
Tax penalty
0
Share.
