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Deferred retirement

By Mike Miles on April 7, 2015 MRA - minimum retirement age

Q. I am 54 years old with 25 years as a civilian. I want to leave next year prior to my MRA+10. If I defer my pension for a few years, can I start taking money out of my TSP immediately upon leaving, or do I need to wait?

A. You may start taking money from your TSP account as soon as you separate from federal service.

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Mike Miles

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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About the 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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