In this episode, Dan Sipe and Ed Zurndorfer discuss everything you need to know about TSP withdrawals so you can make your money work for you.
FedLife ep. 72: Taxation of TSP Withdrawals
Did you know that any withdrawal from any Thrift Savings Plan (TSP) account is taxable? Once you decide to withdraw money from your TSP, you should understand the consequences that come with that decision.
In this episode, Dan Sipe and Ed Zurndorfer discuss everything you need to know about TSP withdrawals so you can make your money work for you.
Dan and Ed discuss:
- The two types of TSP accounts and the penalties for withdrawing from each
- What is Financial hardship in-service withdrawal and why it’s important to avoid it
- The two methods to withdraw from your TSP without the early withdrawal penalty
- The two conditions that must be met when withdrawing from the ROTH TSP
- And more
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