“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.
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Many people are under the wrong impression when it comes to retirement, COLA, and pay increases. Once the numbers are run, things are rarely as rosy as they may have
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We have had hundreds of federal employees ask us to discuss the TSP more in-depth so that they can stop “emotionally trading” their accounts.
That is why we created this guide with the most important considerations you need to make when using your TSP as a retirement savings account.
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/