I am a 55 year old retired federal employee. I retired under the “discontinued service provision” in Nov 2014. my question is this: Can I take a portion of my tsp out now (before I turn 59 1/2) to purchase a farm and avoid the additional 10% penalty for early withdrawal. I heard and have read some of the IRS code dealing with 72t plans that can help you avoid the tax. My second question is: Can I take a large portion out for down payment on the land and use the remaining balance under the 72t plan for equal payments and avoid the 10% early withdrawal. Whomever can help me, I sure would appreciate it.