“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.
”I receive a FERS disability pension, with less than 10 years service. My minimum retirement age by year of birth is 57, but I only have 8.5 years of service,
I absolutely loved the episode on what you cannot do in the TSP. Naturally, it brought up other questions in my mind. Before I got smart in 2019 and started
“should I delay my social security and let my wife draw it until my FRA? I planned on drawing at 62 anyways. I am retired navy and invest in TSP, also disabled. I
“What happens to a surviving spouse if an employee dies while working, but that employee was also in the process of buying back military time? My husband has 16 years
Year after year I see Federal Employees missing the same critical concepts in their federal retirement planning. That’s why I’ve created an online workshop to help educate Federal Employees on these critical concepts.
If you are a Financial Advisor looking to work with Federal Employees,
we are always looking for Advisors that want to deliver massive value to clients.
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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/