By Mike Miles
TSP and early retirement
April 28th, 2010 | Uncategorized
Q: I plan to take the Voluntary Early Retirement Authority/Voluntary Separation Incentive Payments at my organization. Because I will be 50 years old when I retire, I am entitled to the entire balance in my Thrift Savings Plan account; since I am retiring, does the penalty still apply?
A: There is nothing in your question that will exempt you from the early
withdrawal penalty.
Tags: early retirement, early withdrawal, early withdrawal penalty, thrift savings plan, TSP, VERA, VSIP

