Tsp 60 2025

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The document outlines the consolidation of two forms, TSP-60 and TSP-U-60, into a single form for transferring tax-deferred money into the Thrift Savings Plan (TSP) effective May 7, 2012. It introduces a new combined form, TSP-60-R, for transferring Roth money into TSP accounts. The bulletin details the purpose of each form, general requirements for processing transfers and rollovers, and responsibilities of agency representatives in guiding participants. It emphasizes strict conditions for acceptance of transfers and recommends consulting tax advisors due to potential tax implications.

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Click ‘Get Form’ to open the TSP-60 in the editor.
In Section I, provide your personal information. Indicate whether this request applies to your Civilian or Uniformed Services account by checking the appropriate box.
Fill in your last name, first name, middle name, TSP account number, date of birth, and daytime phone number. If you have a foreign address, check the box and enter the details accordingly.
In Section II, ensure that your IRA trustee or plan administrator completes this section. They will need to certify the distribution details and provide their contact information.
Review Section III carefully. Sign and date it to certify that all provided information is accurate and complete.
Once completed, submit the form along with any required checks directly through our platform for processing.

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Versions	Form popularity	Fillable & printable
2012	4.8 Satisfied (170 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much should I have in my TSP at 60?

On average, most federal employees have around $200,000 in their TSP accounts at age 60.

What is a TSP 60 foRm?

foRm tSp-60 InStRUCtIonS Use this form to request a transfer or to complete a rollover of tax-deferred money from an eligible retirement plan into the traditional (non-Roth) balance of your Thrift Savings Plan (TSP) account. You must have an open TSP account with a balance when your request is received by the TSP.

Can I withdraw from my TSP after 60?

Meaning because youre 55 or older, and thinking of separating from the government, you can withdraw penalty-free from TSP as long as you dont take another federal government job (if you do, you can no longer withdraw penalty-free from TSP until you leave again or docHub 59.5).

What is the age 60 catch up for 2025?

For 2025, workers can defer up to $23,500 into 401(k)s, and investors age 50 and older can make an extra $7,500 in catch-up contributions. There is also a super catch-up contribution for workers aged 60 to 63, which raises the catch-up limit to $11,250.

How do I avoid paying taxes on my TSP withdrawal?

When making a qualified (age 59 or older) withdraw from a traditional TSP account, the funds are taxed as ordinary income. Taxes can be deferred by rolling over the money to a traditional IRA or an eligible employer plan. Non-qualified withdrawals will add a 10% IRS penalty on top of the taxes due.