By Mike Miles
January 13th, 2014 | Uncategorized
Q. I plan on retiring just after I turn 59 with 30 years as a federal employee. Do I have to wait until 59½ to take anything out from my Thrift Savings Plan account either via partial lump sum or monthly amounts to avoid the 10 percent tax penalty?
A. Not if you wait until you’ve retired to request the withdrawal. You will be exempt from the early withdrawal penalty.