“Thank you very much for the great information. Question: Do I need to list my ex-spouse on my FERS retirement application if we were married for less than 10 years (25 years ago)? Thank you!” – Salah.
#127 Avoiding Tax Traps: What Every Federal Employee Should Know
Listen to the Full Episode: Think you know how your FERS pension, Social Security, or military retirement will be taxed? Think again. In this episode, Micah and Floyd break down
2 Responses
I will be MRA+10 eligible and 58 y/o in a couple of months. I’ve downloaded calculations for FERS and know which option I want for FERS piece. My question is, can I withdraw from TSP at age 58 under MRA+10 rules without penalty?
Stan, great question. In short, if you separate from Federal service after the age of 55 then you can take funds from your TSP without a 10% penalty. There are some more rules on how this works, you can check out our article here – https://plan-your-federal-retirement.com/tsp-withdrawal-penalty/