Q: A retired USPS employee friend of mine told me that he was hit with a penalty because he started withdrawing money from his TSP account at the age of 60 instead of his retirement age of 62. Is this true?
A: No.
Thrift Savings Plan
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Mike Miles
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.