A publication of the National Air Traffic Controllers Association
Issue link: http://natca.uberflip.com/i/685047
The Thrift Savings Plan (TSP) is similar to a 401(k) plan in that everything in the TSP is tax - deferred. Because it is tax - deferred, there are ru les and restrictions if you retire before a specified age and withdraw money from your account prior to age 59 - and - a - half. The TSP is unique in that any Federal employee who retires in the calendar year in which they are 55 or later can access any and all money in their TSP account without penalty. However, if you retire prior to the year in which you are age 55 there is a 10 percent early withdrawal penalty on all withdrawals prior to age 59 - and - a - half unless you withdraw funds based on actuarially project ed life expe ctancy. There are two possible withdrawal methods: • Substantial equal installments based on actuarially projected lifetime payments • A true annuity Both of these withdrawal options are available at any age with no early withdrawal penalties. Cal l 888 - 900 - 4690 or click here for more information on how Cambridge Financial Partners can help you. Upcoming Retirement Seminars Provided By 4 Sq uare : NATCA Area Mid/Late Career Workshop 3PM - 9PM C.O.R.E Early Career Workshop 9AM - 3PM Virginia Beach, Va. 31 - May 1 - Jun Chicago (Region X) 7 - Jun 8 - Jun Chicago 9 - Jun 10 - Jun Boise 14 - Jun 15 - Jun D.C. Area 21 - Jun 22 - Jun Cleveland 26 - Jul 27 - Jul Gr and Rapids, Mich. 28 - Jul 29 - Jul Philadelphia 9 - Aug 10 - Aug Indianapolis 23 - Aug 24 - Aug Cincinnati 25 - Aug 26 - Aug Billings, Mont. 13 - Sep 14 - Sep Greensboro, N.C. 20 - Sep 21 - Sep Nashua, N.H. 27 - Sep 28 - Sep Boston 29 - Sep 30 - Sep Kenai, Hawaii 11 - Oct 12 - Oct Hartford, Conn. 18 - Oct 19 - Oct Puerto Rico 27 - Oct 28 - Oct Juneau, Alaska 9 - Nov 10 - Nov Savannah, Ga. 15 - Nov 16 - Nov Oklahoma City 15 - Nov 16 - Nov Standard seminar for members with more than 15 years of service held from 3 - 9 p.m. local time. Register by si gning on to the NATCA Portal. Please verify the personal information listed for you including email and cell phone number. If any information is incorrect or missing, please correct or add it under the "My Profile" tab. To register for a seminar, click the "Events" tab, followed by "2016 Retirement Seminars". Complete the