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Get Fillable Tsp 70 Request For Full Withdrawal
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How to fill out the fillable Tsp 70 request for full withdrawal online
This guide provides clear, step-by-step instructions on how to complete the Fillable Tsp 70 Request For Full Withdrawal form online. By following these instructions, users can ensure a smooth and efficient process for requesting a full withdrawal from their Thrift Savings Plan account.
Follow the steps to fill out the form successfully.
- Click the ‘Get Form’ button to obtain the Fillable Tsp 70 Request For Full Withdrawal form and open it in the editor.
- Complete Section I, providing your name, TSP account number, and date of birth. Include your current address and indicate your marital status.
- If you are a married CSRS participant and have an account balance over $3,500, proceed to Section II. If you are a married FERS participant, complete Section III to document your spouse's rights.
- In Section IV, specify your withdrawal method. Choose one or multiple options by indicating the percentage of the account you wish to withdraw by single payment, monthly payments, or life annuity. Ensure that the total amounts to 100%.
- If applicable, complete Section V, providing details for any transfers to a traditional or Roth IRA, ensuring to fill in the type of account and account number.
- In Section VI, have your financial institution or plan administrator fill out the required information for the transfer.
- If you prefer direct deposit for your payments, complete Section VII with your bank account details.
- Read and sign the certification in Section VIII, confirming the accuracy of your information and your eligibility for withdrawal.
- If you are selecting an annuity, proceed to complete Sections IX to XII as necessary, providing relevant information and signatures.
- After completing the form, save your changes and consider downloading, printing, or sharing the form as required.
Take the first step in managing your retirement by completing your Fillable Tsp 70 Request For Full Withdrawal online today.
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If you are 591/2 or older, you can make withdrawals from your TSP account while you are still employed. This is called an age-based withdrawal or 591/2 withdrawal. You must pay income tax on the taxable portion of your withdrawal unless you transfer or roll it over to an IRA or other eligible employer plan.
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