In "How to Withdraw from TSP While in Service," Federal Pension Advisors provides federal employees with insights into accessing Thrift Savings Plan (TSP) funds before retirement. The article explains Financial Hardship Withdrawals, which cover specific emergencies like medical expenses or housing needs, and Age-59½ In-Service Withdrawals, which allow penalty-free access for participants aged 59½ or older. It highlights the necessary paperwork, possible tax consequences, and the importance of weighing the impact of withdrawals on retirement savings to make informed financial decisions.
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