“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 watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any funds in the Roth TSP,
“I retired from PHMSA/USDOT January 2021 and I just received my first W2 form from the Department of Interior and It says that I paid money into SSA and also
“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by all measures eligible to retire
“August 2023 I will turn 62 and stop receiving the OPM Social security . After August for the remainder of 2023 will I still be subject to the earnings limitation?
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7 CLASSIC RETIREMENT MISTAKES Federal Employees Make
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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/