Ask The Experts: Money Matters

By Mike Miles

Terminal cancer and TSP early withdrawal

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Q. I will most likely be medically separated from the military next year after 25 years of service.  I have bone cancer that is incurable but manageable — 50 percent life expectancy is 10 years. I am 47, so if I live 10 years, I would be 57 and still ineligible to withdrawal my Thrift Savings Plan. Are there exceptions for terminal disease that allow you to withdraw early without penalty?

A. The list of available exemptions appears on Page 7 of the notice at https://www.tsp.gov/PDF/formspubs/tsp-536.pdf.

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