TSP withdrawal


Q: What are the benefits/options of waiting to retire in the year I turn 55 with my TSP funds?

A: If you separate from federal service during or after the year in which you reach age 55, you will have access to your TSP funds without being subject to 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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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