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Withdrawals from Thrift Savings Plan without Penalties

Dave Befort and Paul Fugere drop in to discuss how to immediately withdrawal up to $100k PENALTY FREE from your TSP account. ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and military personnel that offers many benefits, including tax advantages and low-cost investment options. However, one of the lesser-known benefits of TSP is the ability to make penalty-free withdrawals under certain circumstances. According to the TSP website, there are specific scenarios where participants can withdraw money from their TSP account without incurring the usual 10% early withdrawal penalty fee. These include: 1. Separation from Service: If you leave your federal job or retire in or after the year you turn 55, you can withdraw money from your TSP acco