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.
1 Leave the assets in your TSP account. 2  Roll your TSP account assets into an IRA. 3  Roll your TSP account into your new employerâs 401(k) plan. 4  Withdraw your TSP account assets in a lump sum.  Transfer your TSP account assets to a qualified annuity.