Early TSP Withdrawals - FERSGUIDE

Mike can retire on February 1st and be eligible for penalty-free withdrawals. By the way, the early withdrawal penalty is 10% of the withdrawal amount. (Non-LEO FERS employees can do the same thing if they retire in the year they turn 55). If Mike retires at 47, he’s not eligible to make penalty-free withdrawals until he turns 59 ½ years ................
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