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.
Interest is earned monthly and compounded semiannually up to 30 years. Penalty for cashing in early. Loss of last three months of interest if you redeem the bond during the first five years. For example, if you redeem the bond after 18 months, you get the first 15 months of interest.