Penalty for withdrawal


Q: Based on your answers to previous questions, if I retire at age 58 (my MRA is 56) with 15 years service, I can start receiving payment immediately. Why is it my Human Resources folks and the printed literature I read says I have to wait until I’m 59.5?

A: The exceptions to the early withdrawal penalty are listed in the section titled “Additional 10% penalty tax if you are under age 59 /12” on page 4 of the TSP tax notice at


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