Understanding TSP Withdrawal Age
Annuity with Guaranteed Lifetime Withdrawal Benefit
Option for Financial Security: Consider an annuity with a guaranteed lifetime withdrawal benefit. This option can ensure a steady income stream, helping manage longevity risk and inflation.
Never Run Out of Money: Provides financial security throughout retirement.
Inflation Adjustment: Some annuities include features to keep up with inflation, preserving your purchasing power.
Related Reading: When Must I Withdraw from TSP?
TSP Withdrawal Options
|Subject to 10% IRS penalty
|Penalty-free, aligns with IRS rules
|Any age after leaving service
|Certain conditions apply
Withdrawing from your TSP at age 59.5 or later avoids penalties, offering more flexibility in retirement planning. Additionally, considering an annuity with a guaranteed lifetime withdrawal benefit can provide financial security and inflation protection. This approach ensures a stable income throughout retirement, allowing for peace of mind.
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