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• 51888
  

  Still waiting for the response.

  I retired last April on the first business day under "early retirement" CSRS at age 53. Would I be penalized with the 10% + tax deduction if I purchase annuity payments before reaching the 59 ½. Please advice Jorge Posted May 29, 2008 7:22 AM

  Jorge Posted June 6, 2008 4:25 PM
• 51881
  

  Is it possible to roll over your TSP into a Roth IRA?

  Jesse Anderson III Posted June 6, 2008 12:42 PM
• 51445
  

  I retired last April on the first business day under "early retirement" CSRS at age 53. Would I be penalized with the 10% + tax deduction if I purchase annuity payments before reaching the 59 ½.

  Please advice

  Jorge Figueroa Posted May 29, 2008 7:22 AM
• 51347
  

  With the exception of total disability, the type of retirement does not matter. If you are 55 or older when you retire, you can take the money out penalty free. If you are less than 55 when you retire, you either have to wait until age 59 1/2 to withdraw the money, set-up a life expectancy withdrawal, or purchase an annuity.

  Tony Posted May 27, 2008 8:25 PM
• 51264
  

  I still don't get it. Ms. Flanagan writes, "There are two basic groups of people who leave the government. The first is those who go before they turn 55, through resignation, early retirement, or special provisions for law enforcement officers and firefighters. The second is those who exit government in the year they turn 55 or later through regular retirement." What exactly is REGULAR retirement? Is 10 years of service and age 58 REGULAR? Isn't a penalty payed on ANY withdrawals prior to age 62 1/2?

  Dave Posted May 25, 2008 7:27 PM
• 51243
  

  You do a great job and the columns are invaluable.

  R. Go Posted May 23, 2008 6:03 PM
• 51234
  

  Can you expalin the general rules for Inherited IRA's. If a non-spouse beneficiary transfers the death benefit payment into an inherited IRA can they leave the funds in the inherited IRA until they are 70 1/2 years old or do they have to immediately begin minimum withdrawals based on there life expectancy. What if the tsp owner was 72 years old and started minimum withdrawals before they died, can the non-spouse beneficiary leave the funds in the inherited IRA until they are 70 1/2 or do they have to make immediate minimum withdrawals and would the withdrawals be based on the life expectancy of the deceased TSP owner or the beneficiary?

  Thomas Murphy Posted May 23, 2008 3:53 PM
• 51206
  

  There is one thing that I would like to clarify - I think that the "second group" includes those who exit the government through early retirement, as well, and not just regular retirement.

  In the article, it says "The second is those who exit government in the year they turn 55 or later through regular retirement."

  Barry Parks Posted May 23, 2008 10:43 AM
• 51202
  

  When I turn 70, I can rollover to IRA account and pay no taxes. I will pay taxes only when I withdraw from my IRA account? If I want to gift a part or all of my TSP money to my children, do they or I have to pay the taxes?

  Gurdip S. Dhaliwal Posted May 23, 2008 10:19 AM