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Video: TSP 10% Early Withdrawal Penalty Tax

January 13, 2016 My Federal Retirement

If you receive a Thrift Savings Plan (TSP) distribution before you reach age 59½, you may be subject to a 10% early withdrawal penalty tax in addition to the regular income tax. 

This short four minute video explains what the tax is, and who it applies to.

https://www.youtube.com/watch?v=1e4Zs4suGWs

Related:

  • VIDEO: Retiring Early Under the FERS MRA+10 Rules
  • A Misunderstanding of the Early Withdrawal Penalty for Disability Applicable to the TSP and IRAs
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