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THRIFT SAVINGS PLAN I. INFoRmATIoN ABouT you CHANGE IN MONTHLY PAYMENTS FOR BENEFICIARY PARTICIPANTS 1. Name 2. Last First TSP-73-B Middle TSP Account Number 3. Date of Birth (mm/dd/yyyy) / / 4. (.

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TSP-73 (Change in Monthly TSP Payment Amount) – Use this form if you are already receiving monthly payments, but need to change the payment amount. TSP-75 (Age-Based In-Service TSP Withdrawal Request) – Use this form if you are age 59 and a half or older, still a federal employee, and want to make a withdrawal.

Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.

You cannot voluntarily reamortize—change the term and payment amount of—your loan. Your loan payment amount only changes if there's a change in your payroll schedule or following the suspension of loan payments during a period of nonpay status.

2023 Contribution Limits The Internal Revenue Service has announced the Thrift Savings Plan (TSP) elective deferral limit for 2023 will increase to $22,500 per year.

Perhaps the biggest difference is that a TSP Life Annuity is an irrevocable choice, while installment payments can be changed frequently. With installment payments, an individual can start and stop payments at any time and change the amount of the payments multiple times a year.

Starting at age 72, the government requires that you withdraw a portion of your TSP every year. Why do they do this? Because they want to get a piece of the action. Basically, whenever you withdraw money from your traditional TSP account that is when you pay taxes.

You should ask the TSP Service Office for Form TSP-73 or TSP-U-73, if you want to: Change your monthly payments to a final single payment. The final single payment can be made directly to you, or you can have the TSP transfer all or part of it to a traditional IRA or an eligible employer plan.

To request a withdrawal, log into My Account on the TSP website and click on the “Withdrawals and Changes to Installment Payments” link on the menu. From there you'll have access to an online tool with which to start your withdrawal.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232