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 Rut 50 Formpdffillercom 2010

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hi I'm Jose armenta and this is your federal employee benefits where we cover topics in helping First Federal Employees like you make smart financial decisions today we're discussing how federal employees can withdraw from their tsp early specifically the age 55 and 50 Rule now if you're new here make sure you hit that subscribe button so you don't miss any future videos okay let's get started okay first let's cover the general rule okay the general rule is that you cannot withdraw from your tsp before age 59 and a half okay and most folks are aware of that and it's actually not a tsp rule it's not specific to a tsp it's a rule imposed by the IRS on tax advantage and retirement accounts so thinking of 401k IRAs right these type of tax advantage accounts have that restriction that you cannot withdraw from them uh before age 59 and a half without being hit with a 10 penalty okay now the good news is that there are a

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