I’d like to make 1 or 2 small withdrawals per yr at or following govt retirement – maybe to pay-off car loans and make home improvements – then leave the TSP balance alone for awhile until i need to start making mandatory withdrawals. Are these small withdrawals even permitted and, if so, are there any frequency and amount limitations on these small withdrawals?
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Thank-you to ‘Another John’ in responding to my TSP withdrawal options question. I appreciate the clarification in his 1st point. In his 2nd point, I’m not sure i understand what “…separating from service on an immediate annuity…” means. Does this mean i need to initiate an annuity in order to qualify for the one-time partial withdrawal…prior to the TSP Modernization Act implementation. I didn’t want to start getting any scheduled payouts until later or when they automatically started at age 70.5yrs.