Penalty-free withdrawal from TSP


Q. I will be 57 years old in August, and already have 32 years of service. I am a FERS employee. Do I have to be 59½ to get penalty-free withdrawal from TSP, or am I good at my minimum retirement age + 30 retirement?

A. If you retire, you will have access to your TSP account without penalty. If you continue to work, you will have to wait until age 59½ to take an in-service withdrawal, unless you can qualify for a hardship withdrawal.


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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 and view his blog at

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