Chris Kowalik outlines the rules of the early withdrawal penalty (and how to avoid it) when taking money out of the TSP prior to age 59 1/2.
- What the rules are for when you may take money from TSP
- What triggers a penalty for some federal employees taking funds prior to age 59 1/2
- How to avoid the penalty based on when or how you take money
- The bigger impact a penalty like this has on your TSP account
Additional resources:
- Local workshop locations and dates: FedImpact.com/attend: https://fedimpact.com/attend-retirement-workshop/
- To be introduced to a local financial professional: FedImpact.com/request-to-meet: https://fedimpact.com/request-to-meet/
About Chris Kowalik
Chris Kowalik is a federal retirement expert and frequent speaker to federal employee groups nationwide. In her highly-acclaimed FedImpact Workshops, the FedImpact Podcast, and the FedImpact Webinars, she empowers employees to make confident decisions as they plan for the days when they no longer have to work. Chris’ candid and straightforward nature allows employees to get the answers they need and understand the impact these decisions have on their retirement.
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