Q. If a VERA/VSIP is offered next year, will I be able to draw income from TSP without penalty? I will have 33 years of creditable service, and as of March 9 I will be 54.
Browsing: early withdrawal penalty
Q. Is there a penalty for taking a lump sum TSP balance out at retirement for FERS employee to purchase a home? I may retire at age 56 or 57 with 30 years of federal service. If I decide to take my lump sum at retirement, will I be penalized? How much would come out if the amount is $170,000 right now?