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  • Starting in January 2021, we’re making the process easier for participants. If you’re turning 50 or older and are eligible for catch-up, you’ll no longer need to make separate catch-up elections to your TSP account. To learn how to make these contributions next year, visit Catch-up contributions.

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New withdrawal options now available — We’re pleased to announce that all participants now have more options when seeking to withdraw retirement savings from their TSP accounts.

For information about in-service withdrawal options, visit the “In-service withdrawals basics” section of tsp.gov and download our updated booklet, In-Service Withdrawals.

For information about post-separation withdrawals, visit the “Living in retirement” section of tsp.gov and download our updated booklet Withdrawing from Your TSP Account.

To initiate a withdrawal request, you’ll use enhanced online tools in My Account. After you log in, select the “Withdrawals and Changes to Installment Payments” link from the Online Transactions menu.

Posted: September 15, 2019