Resources

Forms:

  • TSP-70, Request for Full Withdrawal
  • TSP-77, Request for Partial Withdrawal When Separated

Staying in the TSP

You can keep your money in the TSP if your account balance is $200 or more.

You'll be able to:

  • Enjoy the TSP's low administrative expenses.
  • Move money into your account from an IRA or eligible employer plan.
  • Change your investment mix with interfund transfers.
  • Leave your money in the TSP until you reach age 70½.
  • Avoid paying current Federal income taxes on any taxable amounts (and possibly penalties).

Withdrawing Your Account

You have many withdrawal options. You can:

  • Take just a partial withdrawal if you are eligible

OR

  • Choose one of the full withdrawal options:
    • Single payment
    • Monthly payments
    • Life annuity
    • A combination of above options

YOU MAY ALSO BE ELIGIBLE TO

  • Transfer all or part of your withdrawal to an IRA or eligible employer plan.

Tax Considerations

Your decision has tax consequences:

  • You will owe taxes on the taxable amount of any payment you receive from your account. The taxable amount of any lump sum payment or monthly payments lasting less than 10 years is subject to 20% Federal income tax withholding if not transferred to an IRA or eligible employer plan.
  • You may also have to pay a 10% early withdrawal penalty. However, if you separate from service during or after the year you reach age 55 (or the year you reach age 50 if you are a public safety employee as defined by section 72(t)(10)(B)(ii) of the Internal Revenue Code), then the 10% early withdrawal penalty tax does not apply.

Your To-Do List

There are four important things you must do:

Changing your contributions? Save at least 5% to get your full match.

Continue to Form TSP-1

Thinking of taking a loan? Please watch this first.

Continue to Form TSP-20

Thinking of taking your money out of the TSP? Please watch this first.

Still want to make a withdrawal?

Our online wizard can help you with your withdrawal request. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.

YES,
take me to the Withdrawal Wizard.

No thanks, just download Form TSP-70.

See how easy it is to complete this form.

Let our online wizard help you with your withdrawal request. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.

YES,
take me to the Withdrawal Wizard.

No thanks, just download Form TSP-75.

See how easy it is to complete this form.

Let our online wizard help you with your withdrawal request. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.

YES,
take me to the Withdrawal Wizard.

No thanks, just download Form TSP-76.

See how easy it is to complete this form.

Let our online wizard help you with your partial withdrawal request. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.

YES,
take me to the Withdrawal Wizard.

No thanks, just download Form TSP-77.