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10 percent penalty

By militaryonline on September 9, 2011 Uncategorized

Q. It is my understanding that if you retired in the year you turned 55, you never pay 10 percent penalty on Thrift Savings Plan withdrawal, correct?

A. Correct.

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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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