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.
TSP Loan Withdrawals. You can withdraw money from a TSP account temporarily in the form of a loan. Provided you make scheduled payments on time to repay the loan plus interest, the money retains its tax-deferred status.TSP loans may be arranged for up to $50,000. TSP rules recognize two types of loans.SP Loan Withdrawals. You can withdraw money from a TSP account temporarily in the form of a loan. Provided you make scheduled payments on time to repay the loan plus interest, the money retains its tax-deferred status.