Guide to Thrift Savings Plan Withdrawals

Important Tax Considerations Regarding Payments From Your TSP Account
Before you decide on how you will receive the money in your Thrift Savings Plan account, you should review these important tax considerations and avoid costly surprises [ MORE ]

Your TSP Withdrawal Options After Leaving Federal Service
After leaving federal service, you may make a partial withdrawal and/or a full withdrawal from your Thrift Savings Plan account. There are a number of ways you can take the full withdrawal option for your entire account balance [ MORE ]

Video: TSP 10% Early Withdrawal Penalty Tax
If you receive a TSP distribution before you reach age 59½, you may be subject to a 10% early withdrawal penalty tax in addition to the regular income tax. [ MORE ]

Which TSP Withdrawal Option Should You Choose: Fixed Monthly Payments or Annuity?
Edward A. Zurndorfer, Certified Financial Planner
Federal employees with Thrift Savings Plan accounts face the following decision upon retiring: What should they do with their TSP accounts? Federal benefits expert, Ed Zurndorfer, discusses the options and which one might be better [ MORE ]

Are TSP Losses Tax Deductible?
Many My Federal Retirement readers have been contacting us with concerns of losses in their Thrift Savings Plan (TSP) balances in light of the falling stock market. Federal benefits expert, Ed Zurndorfer, provides an answer to a common question we've received. [ MORE ]

In-Service Withdrawals to the Thrift Savings Plan
TSP participants who are still employed by the federal government, including those employees in nonpay status, are limited to two types of in-service withdrawals [ MORE ]