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Author: foolspark Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 83  
Subject: Withdrawing TSP funds Date: 7/5/2006 6:28 AM
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Hi FOOLS:

I am approaching the time when I will have to begin withdrawing IRA funds.

My question regards the contributions I made to TSP. I made those before the government made matching contributions, but can't remember if my contributions were taxed or not.

How will TSP be treated at 70 1/2?

foolspark
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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6 of 83
Subject: Re: Withdrawing TSP funds Date: 7/7/2006 12:53 PM
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You should ask on the Retirement Investing or Military Fools board to be sure, but I believe that contributions to the TSP are not taxed going in, so you always have to pay taxes on money coming out.

I believe the withdrawal rules are substantially similar to the withdrawal rules for a 401(k) -- so withdrawals are required at 70 1/2.

Retirement Investing
http://boards.fool.com/Messages.asp?bid=100154

Military Fools
http://boards.fool.com/Messages.asp?bid=112957

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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 7 of 83
Subject: Re: Withdrawing TSP funds Date: 7/7/2006 12:57 PM
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How will TSP be treated at 70 1/2?

http://www.tsp.gov/forms/oc97-17.pdf

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Author: foolspark Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 8 of 83
Subject: Re: Withdrawing TSP funds Date: 7/8/2006 7:21 AM
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Thanks, I will check all three links you provided.

foolspark

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