How to Access Your TSP Before 59+1/2 Without Penalty episode artwork

EPISODE · Jun 10, 2021 · 12 MIN

How to Access Your TSP Before 59+1/2 Without Penalty

from Haws Federal Advisors Podcast · host Dallen Haws

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.

Episode metadata supplied by the publisher feed · Published Jun 10, 2021

Embed this episode

NOW PLAYING

How to Access Your TSP Before 59+1/2 Without Penalty

0:00 12:04

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of Haws Federal Advisors Podcast?

This episode is 12 minutes long.

When was this Haws Federal Advisors Podcast episode published?

This episode was published on June 10, 2021.

Can I download this Haws Federal Advisors Podcast episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!