By Mike Miles
TSP withdrawal penalty?
November 19th, 2012 | Uncategorized
Q. I involuntary separated from federal employment due to a reduction in force at age 53. I receive a small FERS monthly annuity. I am now 59½, and I would like to withdraw $25,000 from my Thrift Savings Plan, which I have never touched. I will have to pay taxes, but will this withdrawal be subject to the 10 percent penalty at my age?
A. No.
Tags: annuity, FERS, penalty, taxes, TSP, withdrawal

