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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is there a different age that you’d be able to pull from TSP vs other 401k? Since you’d be retired from government, but still working in private sector can you make withdrawals at 59.5 penalty free?[/quote]

If you no longer work for the government, you can’t pull TSP until 62 penalty free.[/quote]

As others mentioned, you're absolutely wrong.

If you leave federal service at 55 or older, you can withdrawal money from the TSP without the 10% penalty. Feel free to search "rule of 55".

If you leave federal service before 55 then you can take money out at 59.5 without a penalty. There's nothing anywhere about 62.[/quote]

the important thing to keep in mind is that the "rule of 55" only applies to the retirement account affiliated with the employer parted from at 55. this means that if one say, switches employers at 52, it's important to at least roll over enough funds to the new employers plan to sustain expenses between 55 and 59.5 in the event one should leave/be laid off after 55, because you can only pull from that specific account penalty-free.

some states do not tax TSP disbursements, so depending on where you live there could be a tax advantage to leaving some funds in TSP even if one leaves the government.

as always, your mileage may vary, please consult a tax or financial advisor in your locale for advice.
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