CSRS / FERS Federal Retirement Planning Tools and Resources: Thrift Savings - TSP, FEGLI, FEHB and more.
Home     Articles     News     Resources     GS Pay Scale 2014     Find A Professional     Retirement Seminars     FREE NEWSLETTER    
 Financial Professionals Directory

Find a financial professional in your area. Click here


 Retirement Seminars

Federal retirement seminars for agencies.
Learn more
.


 Top 5 Resources

1. TSP Roth option
2. GS pay scale 2014
3. Best dates to retire
4. Latest TSP returns
5. Discount dental plans


 CSRS Retirement
 Overview - CSRS
 Eligibility - CSRS
 Creditable Service -CSRS
 Survivor Benefits - CSRS
 Annuity Calculation-CSRS
 FERS Retirement
 Overview - FERS
 Eligibility - FERS
 Creditable Service -FERS
 Survivor Benefits - FERS
 Thrift Savings Plan
 Thrift Savings -Overview
 TSP Investment Choices
 TSP Loan Program
 TSP Contributions
 TSP Roth Option
 TSP Withdrawals
 TSP Returns
 TSP.gov Account Access
 TSP Forms Library
 TSP Talk Online Forum
 Insurance
 FEGLI - Life Insurance
 FEHB - Health Benefits
 Medicare
 FEDVIP - Dental/Vision
 FLTCIP - Long-Term Care
 FSAFEDS - Flex Spending
 Financial Planning
 Calculators
 Tax Tips
 Find A Professional
 Retirement Seminars
 Retirement Benefits Tax
 Retirement Living
 Relocation / Real Estate
 Retirement Jobs

_

Home | TSP Withdrawals | Thrift Savings Plan (TSP) Withdrawal Options After Leaving Federal Service

Thrift Savings Plan (TSP) Withdrawal Options After Leaving Federal Service

Printer-Friendly Format

What do I need to know before making a withdrawal from my TSP account?

You are eligible to withdraw your account when you separate from federal service.  You can also leave all or a portion of your account in the TSP and withdraw it later.  However, there are limits on how long you can leave your money in the TSP. 

When you leave federal service, your agency should give you information about your TSP withdrawal options. 

Because the tax rules that apply to each of the withdrawal options are complex and may differ depending on the option(s) you choose, you should also read the tax notice "Important Tax Information About Payments From Your TSP Account." 

Thrfit Savings Plan withdrawal options

The TSP provides several ways to withdraw your account:

  • You can make a partial withdrawal of your account in a single payment.
  • You can make a full withdrawal of your account using any one, or any combination, of the following methods:
    • A single payment
    • A series of monthly payments
    • A life annuity

A combination of any of the above three full withdrawal options is called a "mixed withdrawal."

You can have the TSP transfer all or part of any single payment or, in some cases, a series of monthly payments, to a traditional IRA or eligible employer plan.  If you submit a paper form to make your withdrawal request, payments to you can be deposited directly into your checking or savings account by means of electronic funds transfer (EFT).

Note:  If you are a FERS employee and you have not met the TSP vesting requirements when you leave federal service, you are not entitled to the agency automatic (1%) contributions in your TSP account (or their earnings).  This money will be forfeited to the TSP.



·  Full Withdrawal from the Thrift Savings Plan
·  Partial Withdrawals to the Thrift Savings Plan
·  In-Service Withdrawals to the Thrift Savings Plan









Featured Columnist
Read federal retirement articles written by federal benefits expert and Certified Financial Planner, Edward Zurndorfer

Recent Articles & Resources
 Thrift Savings Plan Withdrawal Option: Life Annuity
 Understanding the Rules and Limitations for Receiving a Social Security Lump Sum Payment
 CSRS and FERS Survivor Benefits: Lump Sum Credit
 Thrift Savings Plan (TSP) Returns: Monthly and Annual - G, F, C, S, I and L Funds Updated: July
 Your TSP Withdrawal Options After Leaving Federal Service