Q. If I take voluntary early retirement and I am 55 can I start my TSP monthly payments at that time without a 20 percent penalty. Or do I have to wait until I am 59 1/2 to start receiving from my savings in the TSP?
A. You may withdraw money without penalty.
1 Comment
Perhaps it should be clarified that he will have 20% tax withheld but not owe the 10% penalty.