Annuities and retirement


Q. I plan to retire with 30 years (plus five days) under my belt on Oct. 31, 2017. I will be 58 years old. Will I get my full annuity and special retirement annuity? Will anything be reduced? Also, if I take out a chunk of TSP (say, ½) and leave the rest to be paid out monthly, will I be penalized?

A. Since you will be retiring during or after the calendar year in which you reach age 55, your TSP distributions will be exempt from the early withdrawal penalty.


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

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