[Deferred Resignation] Part 9: How to Access TSP (but Beware of the Penalties)

FedImpact: Candid Insights for Your Federal Retirement - A podcast by Chris Kowalik

Categories:

Business

ProFeds Founder, Chris Kowalik, reviews the IRS rules which allow you to take from your TSP at various ages (and if you’re allowed to access TSP between now and 9/30).

 

KEY TAKEAWAYS:

  • How do employees access TSP after they have separated (resigned or retired)

  • How long employees have to wait take withdrawals from TSP

  • What penalties may apply to withdrawals prior to age 59 ½

 

Additional resources:

Link to OPM announcement: OPM.gov/fork

Link to OPM FAQs: OPM.gov/fork/faq 

Local workshop locations and dates: FedImpact.com/attend

To be introduced to a local financial professional: FedImpact.com/request-to-meet