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Early withdrawal penalty?

By Mike Miles on August 25, 2011 Uncategorized

Q. I am going to retire under the Civil Service Retirement System. I will be 58 when I retire. Will I be able to withdraw my Thrift Savings Plan upon retirement without any penalty? I will be 59 one month after I retire.

A. Yes.

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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.

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About the 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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