Q. I will be 58 years old in March. I have 27½ years with the U.S. Postal Service. I am thinking of retiring from USPS within six months. I don’t think I can hold out for the supplement for 2½ more years. I am a carrier and completely burnt out. If I roll my TSP into an IRA, there is a limit I can withdraw per year, correct? If I leave my TSP alone, can I take out $1,000 per month?
A. There is no statutory limit to the amount of money that can be withdrawn from an IRA account. If you leave your money in the TSP, which you should do you best to do, you may take monthly withdrawals, using form TSP-60, in any amount you choose of at least $25.