Early Withdrawal Of Tsp
Question: Where to save for early retirement?
I’m almost 24 and I’ve saved about $20000 for retirement in my TSP and Roth IRA. Although my income isn’t that high, I can easily save at least $10000/year, and I plan to save more than that as my income increases. I think that I may want to retire early, but with the TSP and Roth, I have to be 59 1/2 to make withdrawals. What type of account can I save in that will let me have access to some money sooner?
Answer: you might want to look into buying tax free bonds == they pay a decent rate and most are not callable for 20 to 30 years and you could ladder them to meet your future retirement date!!!