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THRIFT SAVINGS PLAN CHANGE IN NAME FOR SEPARATED PARTICIPANT TSP-15 If you are no longer employed by the Federal Government, use this form to report a change in your name to the TSP Service Office.

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How to fill out the TSP 15 online

The TSP 15 is a form used by separated participants of the Thrift Savings Plan to report a change in name and update their contact information. This guide will walk you through the steps needed to fill out the TSP 15 online, ensuring that your information is accurately recorded.

Follow the steps to complete the TSP 15 form online effectively.

  1. Press the ‘Get Form’ button to access the TSP 15 document and open it in your preferred editor.
  2. In section I, provide your new name. Fill in your last name, first name, and middle name as applicable.
  3. Next, enter your Social Security number. This should be formatted as follows: XXX-XX-XXXX.
  4. Provide your date of birth in the required format: mm/dd/yyyy.
  5. Fill in your current address, including the street address or P.O. box number, city, state/country, and zip code.
  6. Enter your daytime phone number, ensuring you include the area code.
  7. In section II, write your former name, including your last name, first name, and middle name.
  8. Proceed to section III, where you must certify that the information provided is accurate by signing the form.
  9. Date your signature in the field provided.
  10. Once completed, review all information for accuracy, then save any changes made to your document.
  11. You can finalize your submission by printing the form, or sharing it as needed. Mail it to the TSP Service Office or fax it to the provided toll-free number.

Complete your TSP 15 form online today and ensure your information is up-to-date.

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Depending on when you begin retirement, you can simply leave the money in the TSP let it continue to grow. If you do not need to access it yet, it might be wise to let it be. Similar to other retirement accounts, you will need to begin minimum withdrawals at age 72. This is called a Required Minimum Distribution (RMD).

Contributing to the TSP The U.S. government will provide a 5% contribution of your basic pay to the TSP, so 5 percent is the absolute minimum you should be contributing. If you contribute less than that, you're missing out on free money.

Dave Ramsey TSP allocation Like other voices, he recommends a portfolio with 100% equities but recommends a breakdown of 60% C Fund, 20% S Fund, and 20% I Fund.

Answer: More! I frequently state that there is no such thing as too much money in the Thrift Savings Plan. If you want your TSP balance to be able to generate an inflation-indexed annual income of $10,000, most financial planners will suggest that you have a $250,000 balance at the time you retire.

Average TSP account balances for Uniformed Service Members crested over $40,000 by the end of 2021, while balances for new 'Blended Retirement System' (BRS) participants reached close to $10,000 in just four years since the BRS became operational.

That's why it's important to invest at least enough to get the match. Most TSP participants are on top of it: More than 8 out of 10 (84%) put in at least 5% of their pay to get the full match.

To receive the maximum Agency or Service Matching Contributions, you must contribute 5% of your basic pay each pay period.

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.

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