Q. I am a military technician and was told I’m under a special military technician early retirement 50/25 and will have 34 years of service, 4 years of which was active duty. I bought back my time and plan to retire in December. I will be 54 years old. If I start withdrawing from my TSP, will I be penalized 10 percent because I’m not 56 years old yet?
A. The exception to the penalty is for those who retire during or after the calendar year in which they reach age 55. If you delay your retirement into 2017, you will qualify for the exception and have penalty-free access to your TSP funds.