Q. I retired under the CSRS at age 55 and understand I can withdraw my TSP funds without penalty. If I roll my TSP into an IRA, will I still be able to withdraw prior to age 59 1/2 without penalties?
A. No. This exception does not apply to IRA accounts.
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.