How to Access Your TSP Before 59+1/2 Without Penalty
Submit a question here:
https://hawsfederaladvisors.com/question-submission-page/
The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.thinkific.com
Want to schedule a consultation? Click here:
https://hawsfederaladvisors.com/work-with-us/
Retirement accounts (TSP, IRA, 401k etc.) can be a great way to save money for retirement while also getting significant tax benefits.
But with these benefits comes a number of rules that limit when and how you can access these funds.
One of the most well known rules is the rule of 59 and ½. Basically, for many retirement accounts you will have to pay a 10% penalty if you access them before age 59 and ½.
But the good news is that there are many (completely legal) loopholes around this penalty within the TSP but you will want to be very careful to use them correctly because the cost for a mistake can be very high.
Check out the full article here:
https://hawsfederaladvisors.com/blog/
My YouTube Channel:
https://www.youtube.com/c/PlanYourFederalBenefits
Check out "Building Wealth in The TSP" on Amazon:
https://amzn.to/2FytP9W
I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.