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.
The average balance for FERS employees as of November 2013 was $103,996.). We received a few email responses and comments to that article from people who said it was not possible for a federal employee to accumulate a million dollars in a TSP account working for the federal government.