Q. I plan to retire with 30 years (plus five days) under my belt on Oct. 31, 2017. I will be 58 years old. Will I get my full annuity and special retirement annuity? Will anything be reduced? Also, if I take out a chunk of TSP (say, ½) and leave the rest to be paid out monthly, will I be penalized?
A. Since you will be retiring during or after the calendar year in which you reach age 55, your TSP distributions will be exempt from the early withdrawal penalty.
