TSP withdrawal for student loan


Q. I retired seven years ago from the military and contributed to a TSP account up to my retirement. I am currently 52 years old and would like to know if I can withdraw money out of my TSP  account to pay for one of my children’s college loans without a penalty?

A. Not unless you qualify for one of the exceptions on page 7 of the notice at https://www.tsp.gov/PDF/formspubs/tsp-536.pdf.


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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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