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True or false? Work beyond age 70 and you no longer have to pay FICA or Social Security taxes. True or false? With a life annuity from the Thrift Savings Plan you can request multiple partial withdrawals plus your monthly payments. Knowing the correct answers to these questions and others can help you avoid costly retirement mistakes. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, joined Federal Drive with Tom Temin for some of the common myths she hears about the federal retirement system.

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