TSP in-service withdrawal


Q. At age 59½, I would like to take an in-service withdrawal in June of about $100,000 from my Thrift Savings Plan. I plan to retire in December at age 60. Once I take the one-time, in-service withdrawal, can the rest be set up on monthly payments after I retire in December?

A. Yes. Monthly payments are a form of full withdrawal.


About 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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