Ask The Experts: Money Matters

By Mike Miles

FERS retirement age

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Q. I am in under FERS. If I retire after 30 years of federal service at age 58, can I start withdrawing my Thrift Savings Plan, or do I have to wait until I am 59½? I do not have any part of the TSP as a Roth.

A. Under the circumstances you describe, you may begin withdrawals without penalty.

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