Ask The Experts: Money Matters

By Mike Miles

Drawing TSP annuity before 59 1/2 without penalty

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Q. I remember reading an article on ways to retire at eligibility of 56 years old and being able to draw my tsp before age 59½ without a penalty. Is there a way to do this? There is no disability involved in my retirement.

A. Yes. If you retire from federal employment at age 56, you will be exempt from the early withdrawal penalty.

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