Are There Penalties for Partial TSP Withdrawals?

I am 56 years old and will retire under FERS after 24 years. Can I withdraw a partial amount from the TSP without penalties?

FedSmith.com author John GrobeBy Categories Federal Employee Retirement, Q&A Leave a comment

Q: I am 56 yrs. old. I have worked for the Census Bureau for 24 yrs and I am under FERS. I plan to retire in 2015. Can I withdraw a partial amount from my TSP without penalties?

A: Yes, you can take a partial withdrawal from the TSP without penalties if you retire when you plan to at the age of 56.

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About the Author

John Grobe is President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies. FCE’s instructors are all retired federal retirement specialists who educate class participants on the ins and outs of federal retirement and benefits; there is never an attempt to influence participants to invest a certain way, or to purchase any financial products. John and FCE specialize in retirement for special category employees, such as law enforcement officers.

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