Penalty for withdrawal?


Q. After age 70 1/2 can you withdraw the balance of the money you have in an annuity without penalty? We rolled my husband’s TSP into an annuity after he retired.
A. The answer depends upon the brand and kind of annuity you have. You should ask the person who sold it to you.


About 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 and view his blog at

Leave A Reply