Q: I am 66 years old but am still working for the federal government and making monthly deposits into my TSP funds. Can I withdraw some of the funds to take care of some revolving debt?
A: If you have not previously taken an “age-based withdrawal” from the TSP, you are entitled to take one now. The TSP has a publication on in-service withdrawals available on its website that gives detailed information about age-based withdrawals.
John Grobe’s latest book, The Answer Book on Your Federal Employee Benefits, has just been released by LRP Publications. The book is written in an easy to understand question and answer format and covers all areas of federal benefits from the perspective of an employee at various stages of their career. Order your copy at shoplrp.com.