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How long does a TDA withdrawal take?

TDA withdrawals are generally distributed within 45 days of receiving your withdrawal request, or within 15 days if the withdrawal is drawn only from your balance in the Fixed Return Fund.

What is the maximum TDA contribution 2022?

How much can you contribute? For 2022, the most you can contribute to your TDA is $20,500. 3 However, depending on your age and your years of service, your maximum may be higher.

Can you roll a TDA into an IRA?

TDA funds that are distributed through a Direct Rollover are not taxable until they are received as income. The amount of any outstanding TDA loan balance at retirement may be rolled over to an eligible IRA or other successor program.

How do I take money out of my TDA?

You may be able to request a withdrawal from your Tax-Deferred Annuity (TDA) Program account by accessing the secure section of our website; however, if you want to roll over all or part of your withdrawal, you must request the withdrawal by filing this paper form.

Can I take money from my TDA?

If you leave service before attaining vested rights under the QPP, you may withdraw your TDA funds at any time. If you leave your TDA funds with TRS, they would continue to accrue interest and/or investment return for seven school years. However, if you withdraw your QPP funds, you must also withdraw your TDA funds.

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