The TSP Early Withdrawal Penalty
FedImpact: Candid Insights for Your Federal Retirement · Chris Kowalik - ProFeds
March 29, 202225m 40s
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Show Notes
ProFeds Founder, Chris Kowalik, reveals the rules of the early withdrawal penalty (and how to avoid it) when taking money out of the TSP prior to age 59 1/2.
Key takeaways:
- What the rules are for when you may take money from TSP
- What triggers a penalty for some federal employees taking funds prior to age 59 1/2
- How to avoid the penalty based on when or how you take money
- The bigger impact a penalty like this has on your TSP account