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 Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31 2013, there were approximately 4.6 million participants, and nearly $407 billion in assets under management.he catch-up contributions are tax-deferred and allow age eligible participants to defer up to $22,500 (for 2012) in their TSP account. However, unlike the regular TSP contribution, this election does not automatically renew each year; the employee must specifically make a new election each year.