In this video, you’ll learn about one of the ways that you can potentially make an in-service withdrawal from your TSP account just based on meeting a specific age requirement.

Do you have a question about the Thrift Savings Plan, Federal Benefits, or Retirement Planning? Post in the comments section or contact us at:

Are you seeking a financial planner who specializes in working with federal employees and retirees? Schedule a free consultation at:

Stay Connected:
Website –
Facebook –
Instagram –
LinkedIn –

Who Are We:
Fedway Financial provides financial planning, investment management, and education services to federal employees and retirees. Our goal is to help our clients understand and maximize their federal benefits program, and make prudent and informed decisions related to every facet of their financial life.

#themoneybriefing #thriftsavingsplan #tspwithdrawals

🎵 Music provided by LAKEY INSPIRED – Chill Day

Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial advice….(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

As a participant in the Thrift Savings Plan (TSP) while still working, it’s important to understand the various withdrawal options available to you, including age-based distributions. The TSP is a retirement savings plan for federal employees and members of the uniformed services, and knowing how to access your funds while still employed can be a valuable financial planning tool.

One of the withdrawal options available to TSP participants while still working is age-based distributions. This allows you to start taking withdrawals from your TSP account without having to wait until you separate from federal service. You can choose to receive a series of substantially equal payments based on your life expectancy or the joint life expectancies of you and your beneficiary. These payments can be scheduled to last for a specific number of years or for your lifetime.

In order to qualify for age-based distributions, you must be at least age 59½, and you must have been employed by the federal government or a member of the uniformed services for at least 30 years. Once you meet these requirements, you can begin receiving age-based distributions from your TSP account.

It’s important to note that taking withdrawals from your TSP account while still working may have implications for your long-term retirement savings. While age-based distributions can provide you with additional income while still employed, they can also reduce the amount of money you have available for retirement when you do eventually separate from federal service. Therefore, it’s important to carefully consider the impact of taking withdrawals from your TSP account and to consult with a financial advisor to ensure that you are making the best decision for your individual financial situation.

In addition to age-based distributions, there are other withdrawal options available to TSP participants while still working, including financial hardships and in-service withdrawals. Financial hardships allow you to take a one-time withdrawal from your TSP account to address an immediate and heavy financial need, while in-service withdrawals allow you to take partial withdrawals from your TSP account for a specific purpose, such as buying a primary residence or paying for education expenses.

Ultimately, the decision to take withdrawals from your TSP account while still working should be carefully considered and based on your individual financial needs and goals. Understanding the various withdrawal options available to you, including age-based distributions, can provide you with the flexibility and financial security you need while still employed by the federal government or a member of the uniformed services. As always, it’s important to consult with a financial advisor to ensure that you are making the best decision for your retirement savings.