Get TSP-70 2008

Civilians, uniformed service members, and beneficiary participants can use this form. Withdrawal Request for Separated and Beneficiary Participants. Form TSP-99. Use this form to: Log in to My Account and access the online tool to request a withdrawal if you are either separated from service or a beneficiary ...

It generally takes between 7 to 10 business days to process your request once you've properly completed and submitted it. We disburse withdrawals each business day. You can check My Account at tsp.gov or call the ThriftLine to find out the status of your withdrawal request, including whether the payment has been made.

Some TSP accounts can't be combined. You can't combine your accounts if both are related to active service. This is the case for a federal civilian employee who also receives military pay and benefits as a member of the Ready Reserve.

Requesting a withdrawal To request a withdrawal, log into My Account 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.

With the TSP, you are exempt from the early withdrawal penalty if you separate from federal service in the year in which you reach age 55 or later. ... If you follow a life-expectancy based withdrawal methodology for whichever is longer, 5 years or until you reach age 59 ½, you will be exempt from the penalty.

To request a withdrawal, log into My Account 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.

Many financial planners suggest beginning your withdrawals from a lump sum of money at a rate of 4% and taking inflation based increases each year.

Personal details about the federal employee (name, TSP account number, DOB, phone number, address, spouse's name and SSN if applicable) Other details about the spouse (parts 2 or 3) Withdrawal election. The details of the applicant's transfer.

It generally takes between 7 to 10 business days to process your request once you've properly completed and submitted it. We disburse withdrawals each business day. You can check My Account at tsp.gov or call the ThriftLine to find out the status of your withdrawal request, including whether the payment has been made.

Once you have separated and cleared the payroll system, the TSP will allow you to take your money out of the plan if you choose to do so. ... You will still be able to roll or transfer qualified money from other individual or employer sponsored retirement accounts into the TSP.