TSP without penalty


Q. I am a U.S. Postal Service marketing employee under FERS. I plan to retire in 2021 at the age of 56 with 36 years of USPS employment. Will I be able to access my TSP account without penalty prior to age 59 ½?

A. Yes. You will qualify for the exception to the penalty for retiring during or after the calendar year in which you reach age 55.


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

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