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.
Does the $99,500 that is left in the TSP after the first monthâs payment continue to earn interest, or is that $100,000 value locked into âstoneâ and I will never earn another nickel on the money that is sitting there (i.e., after 200 monthly payments my TSP funds will be gone).