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Thrift Savings Plan Form Tsp 60

Thrift Savings Plan Form Tsp 60

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Instructions and help about Thrift Savings Plan Form Tsp 60

so my the whole entire intent and purpose of tsp is to have a nice Nest Egg when you retire uh so let's kind of dive into that a little bit you know how at what age is someone able to start removing money from their tsp or withdrawing from their tsp uh and then what are the different options for withdrawing yeah that's a great question and like you said that's the whole point of this thing generally speaking if you stay in federal service until age 55 and then retire you can touch your tsp account immediately without penalty you'll still have taxes and we talked earlier about traditional versus Roth um so you'll still have to pay the taxes but there won't be a penalty if you left Federal service before 55 then you have to wait until 59 and a half to access your tsp account without penalty there are some exceptions to this for different career fields and different life situations so I encourage you to check out our website tsp.gov for more

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