This may sound a fanciful scenario, yet recent events across Europe â including the looming independence referendum in Scotland â tell a very different story. Six days ago, the people of Spainâs most prosperous region, Catalonia, voted overwhelmingly for parties favouring the breaking away from Spanish rule.
1 If you are 55 or older and retired, you can withdraw from your TSP without being charged the 10% tax penalty (which is normally tacked onto early withdrawals) in addition to regular income taxes.
Q. FERS employee, 25 years service, retiring under MRA (56 years old) + 10. Will receive annuity at 70-percent rate. Plan to take monthly TSP payments of $3,000 (able to change amount once every year). Just want to confirm that there will be no early withdrawal tax penalties for taking TSP before 59-1/2. Read More