Get TSP-79 2012-2023

You need your TSP! With few exceptions (like deep debt or abject poverty), no one should be contributing less than 5% of their salary to the Thrift Savings Plan.

IRS Form 1099-R The TSP has mailed IRS Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., to participants who received a withdrawal up to December 27, 2019, and/or a taxable distribution of a loan up to December 31, 2019.

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.

The Thrift Savings Plan (TSP) is a great tool for federal employees to save for retirement. Saving, and even maxing out your contributions to TSP is normally thought of as a good thing. Yes, maxing out your TSP can be very beneficial, but may not be the best thing for your financial future.

If you would like to maximize your contributions for 2020, enter your myPay election between December 8 December 14, 2019, and your election should be effective on December 22, the first pay period for 2020. Be certain to enter the amount you want withheld from your pay each pay period.

Age-based in-service withdrawals are withdrawals that you can make from your TSP account when you're age 59½ or older.

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 ...

You need your TSP! With few exceptions (like deep debt or abject poverty), no one should be contributing less than 5% of their salary to the Thrift Savings Plan.

Under the new TSP withdrawal options, all participants can take one withdrawal every 30 days. Participants who have left federal service will have no other limitations beyond the 30-day requirement to make partial withdrawals from the TSP.

With Roth TSP contributions, you make contributions with after-tax income by paying taxes up front. During retirement, you receive qualified Roth distributions tax-free. The traditional TSP lets you make contributions before taxes are taken out of your income and then pay taxes on withdrawals.