Episode 10: Federal Employee Financial Planning TSP at Retirement or 59.5
Federal Employee Financial Planning Podcast · Mason & Associates
May 2, 202242m 34s
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Show Notes
We know that TSP can be a great way to save money for retirement whilst also receiving significant tax benefits. However, these benefits come with a number of rules that limit when and/or how you can access these funds. One very well-known rule is that for many retirement accounts you will have to pay a 10% penalty if you access them before age 59.5. In this episode, Michael, Tommy and John will be explaining several exceptions surrounding this penalty and how to ensure you use them correctly to avoid costly mistakes.
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