Q. I’m 47 and plan on retiring at 56 with 34 years of service. If I open a Roth Thrift Savings Plan account, can I withdraw all of the money from the Roth account and withdraw a small monthly amount from my traditional account when I retire? The TSP website says I can make withdrawals (1) on a prorata basis between the Roth and traditional accounts or (2) you can separately transfer any portion of your Roth or traditional account to an IRA or other eligible employer plan. I wanted to withdraw all of the Roth money while my husband is still working and we are in a higher tax bracket. I will be 60 when he retires. If the Roth amount can only be withdrawn in total by transferring to an IRA, the earliest I can have access to the Roth money without a penalty is when I’m 59½? Am I reading that right?
A. You may not selectively withdraw or roll your TSP Roth assets.