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The TSP Early Withdrawal Penalty

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Manage episode 324027210 series 1142073
Content provided by Chris Kowalik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Kowalik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

ProFeds Founder, Chris Kowalik, reveals 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.

Key takeaways:

  • 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
  continue reading

38 episodes

Artwork
iconShare
 
Manage episode 324027210 series 1142073
Content provided by Chris Kowalik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Kowalik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

ProFeds Founder, Chris Kowalik, reveals 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.

Key takeaways:

  • 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
  continue reading

38 episodes

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